General Accounting Neon Lock Systems manufactures and sells a single security device. The followingoperational data are provided:•Unit Sales Price: $45•Variable Manufacturing Cost per Unit: $26.Fixed Manufacturing Cost: $85,000•Variable Selling Cost per Unit: $3•Fixed Selling Cost: $30,000•Tax Rate: 35%What total revenue is required to achieve an after-tax profit of $65,000?

Step 1: Definition of Total Revenue RequiredTotal Revenue Required is the amount of sales revenue a…

Answered: Neon Lock Systems manufactures and…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 7EB: Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are...

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Delta Co. sells a product for $150 per unit. The variable cost per unit is $90 and fixed costs are $15,250. Delta Co.s tax rate is 36% and the company wants to earn $44,000 after taxes. What would be Deltas desired pre-tax income? What would be break-even point in units to reach the income goal of $44,000 after taxes? What would be break-even point in sales dollars to reach the income goal of $44000 after taxes? Create a contribution margin income statement to show that the break-even point calculated in B, generates the desired after-tax income.

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