Mace Company is a medium-sized producer of lamp. During the year, a new line called "Torolin" was made available to MACE's customers. The break-even point for sales of Torolin is P200, 000 with a contribution margin of 40%. Assuming that the profit for the Torolin line during the year amounted to P100,000, total sales during the year would have amounted to?

Mace Company is a medium-sized producer of lamp. During the year, a new line called "Torolin" was made available to MACE's customers. The break-even point for sales of Torolin is P200, 000 with a contribution margin of 40%. Assuming that the profit for the Torolin line during the year amounted to P100,000, total sales during the year would have amounted to?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Coco Corp. manufactures boxes of chocolate candies. Its basic cost and profit information is summarized below: • Selling price per box: $12 • Variable cost per box: $6 • Fixed cost per year: $33,000 The company has the capacity to manufacture up to 100,000 boxes of its candy per year. a) Determine the net income at a volume of 30% of capacity. b) Determine the sales volume in dollars to generate a net income of $60,000. c) Determine the break-even point in units if the selling price is increased by 10%.
Farukh Corporation sells a single product for Rs. 15 per unit. Last year, the company's sales revenue was Rs. 225,000 and its net operating income was Rs.18,000. If fixed expenses totalled Rs. 72,000 for the year, the break-even point in unit sales was:
Chinook Corporation sells a single product for $75 per unit. During the current year, Chinook reports sales revenues of $765,000, fixed costs of $252,000, and operating income of $207,000. What is Chinook's break-even point in terms of unit sales? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).
A company has sales of Gh1,000.The company sells three types of goods . Sixty percent of sales are of types A which is sold at a mark-up of 20%. Type B goods are sold at a margin of 30%.The cost of this B sold in the year was Gh 154 and total gross profit for the year was Gh 184. What wast the cost of sales for type C?
11. Jon Snow Inc. is a medium-sized manufacturer of lamps. During the year a new line called "Supernova" was made available to Jon Snow Inc. customers. The BEP for sales of Supernova is P200,000 with a contribution margin of 40%. Assuming that the profit for the Supernova line during the year amounted to P100,000, total sales during the year would have amounted to:
Zack Co. sells three sizes of bags: small, medium, and large. The company has annual fixed costs of P19,520,000. For the past several years, 20% of Hugo's sales have been the small and large bags with the remaining 60% being the medium size. Zack Co. does not expect this to change in the upcoming year. The following information is also available for each of the bags: Small Medium Large Sales price per unit P400 P700 P1,750 Variable costs per unit 150 200 450 Required: How many total bags does the company need to produce and sell in order to break even? How many medium bags need to be sold in order to break even? If Zack experiences a higher demand of large bags than it anticipated, will the break-even point increase, decrease, or stay the same? Why?
A company sold 105,000 units of product last year. The contribution margin per unit was ₱6, and fixed expenses totaled ₱300,000 for the year. These fixed expenses are expected to increase to ₱350,000 this year, but the contribution margin per unit will remain unchanged. How many units must be sold to earn the same net operating income (ignoring tax) as it was earned last year? a. ₱ 122,500 b. ₱ 113,334 c. ₱ 75,834 d. ₱ 105,000 e. ₱ 108,334 f. ₱ 27,500
1. A ceramics manufacturer sold cups last year for P7.50 each. Variable costs of manufacturing were P2.25 per unit. The company needed to sell 20,000 cups to break even. Net income was P5,040. This year, the company expects the price per cup to be P9.00; variable manufacturing costs to increase 33.3%; and fixed costs to increase 10%. How many cups (rounded) does the company need to sell this year to breakeven? Topic: Cost Volume Profit Please explain each clearly and solve in good form. Format: 1. What is the nature of the problem? 2. What is being asked in the problem? 3. Solution (with clear explanation on how it happened and step by step solution) (also explain why did you multiply, add, minus or divide) (explain every detail and the concept) 4. Conclusion (explain how you can relate it in real situation)
XYZ Company's single product has a selling price of $15 per unit. The fixed expenses were $110.000. This year the company reported a net operating income of $50,000. If sales are predicted to increase by 10% next year, how much 7(5) would the increase in profits be in اختراحد الخبارات a 5.000 O b.6.000 O C7.273 0 d. 16.000 O الوقت المتبقي 0:56:45 eNo change in income O
Juniper Design Limited of Manchester, England, is a company specializing in providing design services to residential developers. Last year the company had net operating income of $470,000 on sales of $1,200,000. The company's average operating assets for the year were $1,400,000 and its minimum required rate of return was 15%. Required: Compute the company's residual income for the year. Residual income
n Chocolove is a chocolate manufacturer with headquarters and a manufacturing facility in Boulder, Colorado. Assume a three-year scenario during which Chocolove's cost of goods increased by $1 per unit each year from $10 to $11 to $12. It priced its goods to achieve a 50% gross profit per unit (.e. 100% markup). In years 1 and 2, Chocolove buys 1,000 units but sells only 700 units. In year 3, Chocolove buys 700 units, sells 1,300. Assume Chocolove follows LIFO. The profit margin in year 2. and the profit margin in year 3 Select one: O a. 50%; >50% O b. 50%; 50%; > 50% 17
Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenuewas $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for theyear, the break-even point in unit sales was:A) 12,000 units B) 14,100 units C) 9,900 units D) 15,000 units