Maplewood Inc. has variable costs of 82% of sales, current sales of $900,000, and fixed costs of $200,000. Compute the sales required to achieve a $75,000 net income.
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- Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?Denver Enterprises has fixed costs of $3,150,000. It has a unit selling price of $15.50, unit variable cost of $6.80, and a target net income of $850,000. Compute the required sales in units to achieve its target net income. AnswerLi Company has a unit selling price of $150, unit variable costs of $45, and total fixed costs of $47,200. How much sales revenue must Li Company generate to achieve net income of $27,700. Sales revenue needed to achieve target net income $
- Carter Company reported the following data regarding the product it sells: . . Sales price: $80 Contribution margin ratio: 25% Fixed costs: $240,000 Use the contribution margin ratio approach. To obtain a profit of $60,000, what must the sales be in dollars? In units?At a level of 20,420 units sold, Lee Corp. has sales of $653,600, a contribution margin ratio of 58%, and a profit of $95,300. What are the fixed costs?Blossom Corporation has fixed costs of $404,700. It has a unit selling price of $7.00, unit variable cost of $5.45, and a target net income of $1,539,000.Compute the required sales in units to achieve its target net income. Required sales
- Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. Compute the level of sales in units needed to produce a target (pretax) income of $118,000.Penny Corporation desires to earn target net income of $15,000. If the selling price per unit is $51, unit variable cost is $31, and total fixed costs are $685,000, the number of units that the company must sell to earn its target net income isPorter Corporation has fixed costs of $500,000, variable costs of $32 per unit and a contribution margin ratio of 20% a. Compute the unit sales price and unit contribution margin. b. Compute the sales volume in units required for Porter Corp to earn and operating income of $900,000 c. Compute the dollar sales volume required for Porter Corp to earn an operating income of $900,000.
- Compute the target net incomePorter Corporation has fixed costs of $500,000, variable costs of $32 per unit, and a contribution margin ratio of 20 percent. Compute the following. Unit sales price and unit contribution margin for the given product. The sales volume in units required for Porter Corporation to earn an operating income of $900,000. The dollar sales volume required for Porter Corporation to earn an operating income of $900,000.Last year, Jenson Enterprises earned an operating income of $27,800 with a contribution margin ratio of 0.30. Actual revenue was $250,000. Calculate the total fixed cost. Round your answer to the nearest dollar, if required.
