General Accounting question please give answer Ocean City Kite Company sells kites for $9 per kite. In FY2019, total fixed costs are expected to be $240,000 andvariable costs are estimated at $3 a unit. Ocean City KiteCompany wants to have an FY 2019 operating income of$90,000.Use this information to determine the number of units ofkites that Ocean City Kite Company must sell in FY 2019 tomeet this goal.

Step 1: Introduction to the Cost-Volume-Profit (CVP) AnalysisThe CVP analysis is used to compute the…

Answered: Ocean City Kite Company sells kites for…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Al Khalid LLC are the manufacturers of Lamps. The following are the details of their operation during 2020. Average monthly market demand is 2,000 lamps, ordering cost is RO 200 per order, inventory carrying cost is 20 percent per annum, cost of lamps is RO 1,000 per lamp, normal usage is 100 lamps per week, minimum usage is 50 lamps per week, maximum usage is 200 lamps per week and lead time to supply 4 -6 weeks. You are required to calculate the maximum level of stock. a. 1120 units b. 1102 units c. 1063 units d. 1302 units
Remar, Inc. reported the following results from sales of 5,000 units of Product C for the month of June 2019 (refer to the attached picture): Assume that Remar, Inc. increases the selling price of Product C by 10% on July 1, 2019. How many units of Product C would have to be sold in July 2019 in order to generate an operating income of P20,000? sales 200,000 variable cost 120,000 fixed cost 60,000 operating income 20,000
In April of 2021, Best Speaker Company expects to sell 470 bluetooth speaker units. Expenses are as follows: Cost of goods sold is P178 per unit Shipping costs are P31 per unit Miscellaneous costs are P10 per unit Salaries are P80,000 per month Rent is P20,000 per month Utilities are P10,000 per month Calculate the following for April 2021: A. Variable Operating Expense B. Fixed Operating Expense C. Total Operating Expense
Excel company intends to introduce a new product in the year 2021. The selling price of the product is set at sh.500 for each unit and the sales are projected to be 1000 units. A return of 20% on the investment of sh.500, 000 in the product will be required in the coming year. Determine the target cost for each unit of product. Select one: A. Sh. 100 B. Sh. 400 C. Sh. 500 D. None of the above
Calculate the annual economic order quantity from the attached provided below
Oriole Inc. earned operating income of $110,000 during 2021. The company wants to earn operating income of $154,000 during 2022. Its fixed costs are expected to be $61,600, and variable costs are expected to be 30% of sales. (a) Determine the required sales to meet the target operating income during 2022. Required sales $
he production cost information for Blossom's Salsa is as follows: Blossom's Salsa Production Costs April 2020 Production 23,000 Jars of Salsa Ingredient cost (variable) $13, 800 Labor cost (variable ) 9,660 Rent (fixed) 4, 300 Depreciation (fixed) 6,000 Other (fixed) 1,400 Total $35, 160 The company is currently producing and selling 345,000 jars of salsa annually. The jars sell for $7.00 each. The company is considering lowering the price to $6.30. Suppose this action will increase sales to 391, 000 jars. What is the incremental cost associated with producing an extra 46, 000 jars of salsa?
Answer what is being asked. Show your computation on the space provided. 1. Roxas company sold 23,430 units of product A in 2020 which 10% compared to the units sold in 2019. The products were sold at P300 per unit. Because of heavy advertising and other promotional activities and shift in buyer's preferences, the company expect to increase the sales by 15% in 2021 against the 2020 performance. The company plans to sell the product at P350 per unit. Required: Prepare the sales budget Sales Budget 2021 Estimated Price Selling Units Sales Projected Sales
Ziga Company manufactures lamps and expects to sell 350,000 units in 2022 at P21 per unit. Planned per unit manufacturing costs at the level of production are as follows: Variable manufactuing costs P9.00 Fixed manufacturing costs 5.00 Earning in 2020, a new customer approaches Ziga Co. offers to buy 15,000 lamps at P11.00 per unit. Ziga can produce additional units with no change in fixed manufacturing cost or per unit variable cost. The only additional fixed cost for this order is for packing and shipping, estimated at P30,000. Required: Determine whether Ziga should accept the special order (filling the special order will not affect the regular sales). What is the total profit of Ziga if the special order is accepted. Show supporting computations. If the new customer’s offer to buy 15,000 lamps is accepted, what is the minimum price per unit charge by Ziga if the company expects a profit of…
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