Quine Inc. reported sales of $8,500,000 for the month and incurred variable expenses totaling $6,300,000 and fixed expenses totaling $1,500,000. The company has no beginning or ending inventories. A total of 90,000 units were produced and sold last month. How many units would the company have to sell to achieve a desired profit of $1,200,000? (rounding up to the nearest whole unit)

Quine Inc. reported sales of $8,500,000 for the month and incurred variable expenses totaling $6,300,000 and fixed expenses totaling $1,500,000. The company has no beginning or ending inventories. A total of 90,000 units were produced and sold last month. How many units would the company have to sell to achieve a desired profit of $1,200,000? (rounding up to the nearest whole unit)

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....

See similar textbooks

Similar questions

Quine Inc. reported sales of $8,500,000 for the month and incurred variable expenses totaling $6,300,000 and fixed expenses totaling $1,500,000. The company has no beginning or ending inventories. A total of 90,000 units were produced and sold last month. How many units would the company have to sell to achieve a desired profit of $1,200,000? (rounding up to the nearest whole unit)
Astair, Inc.
ewer D) Portis, Inc. reported sales of $8,000,000 for the month and incurred variable totaling $5,600,000 and fixed expenses totaling $1,440,000. The company has no beginning or ending inventories. A total of 80,000 units were produced and sold last month. (Note that this is the same data that was provided for the previous question.) How many units would the company have to sell to achieve a desired profit of $1,200,000? expenses 88,000 A) 100,000 B) 106,668 C) 150,000 D) Inn renorted sales of $8.000,000 for the month and incurred variable expenses nu hor no
Can you please give me correct solution for this general accounting question?
I want to correct answer general accounting
Chandler Company sells its product for $108 per unit. Variable manufacturing costs per unit are $49, and fixed manufacturing costs at the normal operating level of 12,000 units are $240,000. Variable selling expenses are $17 per unit sold. Fixed administrative expenses total S104,000. Chandler had no beginning inventory for the year. During the year, the company produced 12,000 units and sold 9,000. Would net income for Chandler Company be higher if calculated using variable costing or using absorption costing? Calculate reported income using each method. Do not use negative signs with any answers. Absorption Costing Income Statement Sales Answer Cost of Goods Sold: Beginning Inventory Answer Variable Costs Answer Fixed Costs Answer Less: Ending Inventory Answer Cost of Goods Sold Answer Answer Answer Answer Answer Administrative expense Answer Net Income Answer Variable Costing Income Statement Sales Answer Cost of Goods Sold: Beginning Inventory Answer Variable Costs Answer Answer…
Newham Corporation produces and sells two products. In the most recent month, Product R10L had sales of $30,000 and variable expenses of $10,680. Product X96N had sales of $43,000 and variable expenses of $18,520. The fixed expenses of the entire company were $46,050. The break-even point for the entire company is closest to
Lover Company produced and sold 70,000 backpacks during the year just ended at an average price of P300 per unit. Variable manufacturing costs were P120 per unit and variable marketing costs were P60 per unit sold. Fixed costs amounted to P5,400,000 for manufacturing and P2,160,000 for marketing. There was no year-end work-in-process inventory. Compute for Lover’s breakeven point in peso sales for the year. Lover’s variable manufacturing costs are expected to increase by 10% in the coming year. Compute the firm’s breakeven point in peso sales for the coming year. If Lover’s variable manufacturing cost do increase by 10%, compute the selling price that would yield the same contribution margin in the coming year.
Newham Corporation produces and sells two products. In the most recent month, Product R1OL had sales of $28,000 and variable expenses of $6,440. Product X96N had sales of $22,000 and variable expenses of $7,560. The fixed expenses of the entire company were S32,710. The break-even point for the entire company is closest to: A) $32,710 B) $45,431 C) $46,710 D) S17.290
Whipple Company has sales revenue of $585,000. Cost of goods sold before adjustment is $335,000. The company uses machine hours to allocate manufacturing overhead and estimated 10,450 machine hours would be used during the year. For the year, manufacturing overhead was under-allocated by $13,400. The company's actual manufacturing overhead is $91,000. What is the actual gross profit? Select one: a. $250,000 b. $159,000 c. $236,600 d. $104,400 e. $263,400
The following is Addison Corporation's contribution format income statement for last month: The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month. 1. How many units would the company have to sell to attain the target profit of $150,000?22,000B. 37,500C. 25,000D. 26,667 2. What is the company's margin of safety in dollars?$400,000B. $600,000C. $120,000D. $880,000 3. What is the company's degree of operating leverage?0.12B. 2.5C. 0.4D. 3.3
Jefferson Company has a single product whose selling price is $ 200 per unit; variable is $80 per unit and fixed expenses totaling $60,000. A total of 600 units were produced and sold last month. The company has no beginning or ending inventories. What is the company's margin of safety in dollars?