Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for the year, the break-even point in unit sales was: O 14,100 units O 9.900 units

Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $300,000 and its net operating income was $24,000. If fixed expenses totaled $96,000 for the year, the break-even point in unit sales was: O 14,100 units O 9.900 units

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: porated's contribution margin ratio is 61% and its fixed monthly expenses are $45,500. Assuming that…

A: Net operating income refers to the concept of evaluating the expected sum of money arising out of an…

Q: ewham Corporation produces and sells two products. In the most recent month, Product R10L had sales…

A: The breakeven analysis depends on the contribution margin of the product which is calculated by…

Q: Acme Company produces and sells two products. In the most recent month, Product C90B had sales of…

A: Breakeven sales revenue is that point of sales revenue at which business is recovering it's fixed…

Q: Your Company's single product has a selling price of $15 per unit. Last year the company variable…

A: Given information, Selling price=$15 per unit Variable cost= $9 per unit Fixed expenses =$90,000 Net…

Q: Liman Corporation has a single product whose selling price is $140 and whose variable expense is $60…

A: The target profit refers to the expected amount of profit that the entity wants to achieve. The…

Q: Last year, lerrific Copying had total revenue of $475 000, while operating at 60% of capacity. The…

A: Net Income: Income earned from the business or services after deducting the variable cost, fixed…

Q: ennedy Co. sells two products, Arks and Bins. Last year, Kennedy sold 32,000 units of Arks and…

A: The contribution margin is calculated as the difference between the sales and variable costs. The…

Q: Last month Bryn Company had a $45,057 profit on sales of $296,632. Fixed costs are $72,308 a month.…

A: Contribution Margin = Fixed Costs + Net Income. Contribution Margin Ratio = (Fixed Costs + Net…

Q: In its first year of operation, the Clayton Publishing Company sells 52,000 units and has 1,700…

A: The Cost of Goods Manufactured is the total manufacturing cost of goods that are finished during the…

Q: Sheeza Corporation sells a single product for Rs. 15 per unit. Last year, the company's sales…

A: Fixed cost means the cost which do not vary with the level of output where as variable cost will…

Q: 57) Moyas Corporation sells a single product for $10 per unit. Last year, the company's sales…

A: BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or…

Q: he monthly break-even point in unit sales and

A: Breakeven point means a Level when company earned no profit or no loss.

Q: o breakeven

A: Break even number of units = Fixed costs/Contribution per unit

Q: Menlo Company distributes a single product. The company’s sales and expenses for last month follow:…

A: break-even point is the point of sale where there is no profit or no loss situation. At this point…

Q: Calculate the number of units the company needs to sell in order to break even. The company sells…

Q: Bolding Inc's contribution margin ratio is 64% and its fixed monthly expenses are $44,500. Assuming…

A: Step 1: Define Net Operating Income:The last derivation of the contribution margin income statement…

Q: Menlo Company distributes a single product. The company’s sales and expenses for last month follow:…

A: Since you have posted a question with multiple sub parts, we will provide the solution only to the…

Q: The following annual information is for Dexter Corporation: Product A Revenue per unit: $20.00…

A: Formula: Unit contribution margin = Selling price - Variable cost per unit

Q: Canoncito Co. produced and sold 6,000 units for $12 per unit. The variable cost was $3 per unit, and…

A: BREAK-EVEN POINT:-Break-even point can be calculated by dividing the total fixed cost of…

Q: A Company produces a single product which sells for $20 per unit. Variable Cost is $15 and fixed…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…

Q: The break-even in monthly dollar sales is closest to

A: 1. Break-even units: = Fixed cost per month/contribution per unit 2. Break-even sales dollar:…

Q: Last year, Bridgerton Co. had sales of $1,625,000 on the sale of 25,000 units, variable costs of…

A: The break-even sales are the sales where business earns no profit or loss during the period. The…

Question

Moyas Corporation sells a single product for $20 per unit. Last year, the company's
sales revenue was $300,000 and its net operating income was $24,000. If fixed
expenses totaled $96,000 for the year, the break-even point in unit sales was:
14,100 units
O 9,900 units
O 15.000 units
O 12.000 units

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Sarratt Corporation's contribution margin ratio is 70% and its fixed monthly expenses are $38,000. Assume that the company's sales for May are expected to be $97,000. Required: Estimate the company's net operating income for May, assuming that the fixed monthly expenses do not change. Net operating income
2. An audio equipment manufacturer produced and sold 725 sound systems and made a net income of $50, 000 last year, with a total revenue of $1, 015, 000. The manufacturer's break-even volume is 600 units. a. Calculate the selling price of each sound system. b. Calculate the variable costs for each sound system. c. Calculate the fixed costs per year.
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
Exercise 2-6A (Algo) Fixed versus variable cost behavior LO 2-1 Franklin Trophies makes and sells trophies it distributes to little league ballplayers. The company normally produces and sells between 4,000 and 10,000 trophies per year. The following cost data apply to various activity levels: Required Complete the preceding table by filling in the missing amounts for the levels of activity shown in the first row of the table. (Round "Cost per unit" answers to 2 decimal places.) Number of Trophies Total costs incurred Fixed Variable Total costs Cost per unit Fixed Variable Total cost per trophy $ 74,000 42,000 $ 116,000 $ 4,000 $ 18.50 10.50 29.00 6,000 8,000 10,000
The Rachel Company has sales of $450,000, and the break-even point in sales dollars is $292,500. Determine the company's margin of safety as a percent of current sales.fill in the blank 1 %