Kindly help me Accounting question Our company is a price-taker and has the following informationavailable for the current year:⚫ Budgeted production: 180,000 units••.Desired operating income as a percentage of total assets:14%Current market price of our product: $45.00 per unitTotal assets: $15,000,000 What is our company's desiredprofit for the year?

Step 1: Definition of Desired Operating IncomeDesired operating income is calculated as a percentage…

Answered: Our company is a price-taker and has…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter16: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 40P

See similar textbooks

Similar questions

What is the desired profit for the year?
What is the desired profit for the year? For this general accounting question
??
Please help me with calculation
Help
Suppose that a company expects the following financial results from a project during its first-year operation: Sales revenue: $300,000 Variable costs: $100,000 Fixed costs: $50,000 Total unit produced and sold: 10,000 units a. Draw and label a break-even point graph. b. Compute the contribution per unit. c. Compute the break-even point in units sold. d. Compute the profit be if only 7500 units are sold
The sales price per unit would be?
Need help with this question
(c) A defense contractor has been able to summarize its total annual fixed costs as RM 100,000 and the total variable cost per unit of production as RM 33. (i) If only 5,000 units is all that is expected to sell to the government this year, determine what should the per unit selling price be to make a 25% profit this year. (ii) If foreign sales of 3,000 units per year is to be added to the 5,000 units government contract above and a 25% profit is acceptable for this contractor again, determine what could be the new selling price per unit.
2) Milton Company's projected profit for the coming year is as follows: Description Total Per Unit Sales $ 200,000.00 $ 20.00 less: Variable expenses $ 120,000.00 $ 12.00 Contribution margin $ 80,000.00 $ 8.00 Less fixed expenses $ 64,000.00 Operating income $ 16,000.00 Required: C)Suppose Milton would like to earn operating income equal to 20 percent of sales revenue. How many units must be sold for this goal to be realized? D) For the projected level of sales, compute the margin of safety.
Eric Church company is a price taker
Suppose that a company expects the following financial results from a project during its first year operation: Sales revenue: $500,000 Total variable costs: $150,000 Fixed costs: $105,000 Total unit produced and sold: 10,000 units a. Draw and label a break-even point graph. b. Compute the contribution per unit. c. Compute the break-even point in units sold. d. Compute the profit if only 6000 units are sold.

SEE MORE QUESTIONS

Recommended textbooks for you

Cornerstones of Cost Management (Cornerstones Ser…

Accounting

ISBN:

9781305970663

Author:

Don R. Hansen, Maryanne M. Mowen

Publisher:

Cengage Learning