help me to solve this questions Reavis Company prepared the following income statement for 2012:REAVIS COMPANYIncome StatementFor the Year Ended December 31, 2012Sales (20,000 units)$600,000Variable expenses$360,000Contribution margin$240,000Fixed expenses$180,000$60,000Net incomeHow many units would the company have had to sell to earn a net income of$90,000 in 2012?

Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) Analysis is a…

Answered: Reavis Company prepared the following…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The CVP income statement for Jen Company for 2022 appears below: Jen COMPANY CVP Income Statement For the Year Ended December 31, 2022 Sales (25,000 units) $650,000 Variable expenses 227,500 Contribution margin 422,500 Fixed expenses 456,300 Net income (loss) $(33,800) Instructions: Answer the following independent questions and show computations to support your answers: A) How much additional sales revenue does the company need to break even in 2022? B) If the company is able to reduce variable costs by $1.20 per unit in 2023 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net income of $68,000?
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Hamby Inc. has sales of $2,000,000 for the first quarter of 2017. In making the sales, the company incurred the following costs and expenses.Cost of goods sold Selling expenses Administrative expenses.Variable$760,000 95,000 79,000Fixed$600,000 60,000 66,000Prepare a CVP income statement for the quarter ended March 31, 2017.
Blossom Inc. had sales of $2,250,000 for the first quarter of 2022 (it sold 225,000 units). In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $900,500 $466,000 Selling expenses 73,000 88,000 Administrative expenses 129,000 147,000 Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) BLOSSOM INC. eTextbook and Media Total $ CVP Income Statement Per Unit Percent of Sales $ % $ % %
Pharoah Inc. had sales of $2,320,000 for the first quarter of 2022 (it sold 232,000 units). In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Variable V $841,000 86,000 117,000 $ Fixed $488,000 Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) $ 47,000 144,000 Total PHAROAH INC. CVP Income Statement $ $ Per Unit Percent of Sales % % %
.Kipling Company has sales of $1,500,000 for the first quarter of 2016. In making the sales, the company incurred the following costs and expenses. Variable Fixed Product costs $500,000 $550,000 Selling expenses 100,000 75,000 Administrative expenses 80,000 67,000 Instructions Calculate net income under CVP for 2016.
Wildhorse Inc. has sales of $2,600,000 for the first quarter of 2025. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $988,000 $780,000 Selling expenses 123,500 78,000 Administrative expenses 102,700 85,800 Prepare a CVP income statement for the quarter ended March 31, 2025. WILDHORSE INC. CVP Income Statement For the Quarter Ended March 31, 2025 $
Blossom Inc. had sales of $2,300,000 for the first quarter of 2020. In making the sales, the company incurred the following costs and expenses. Variable Fixed Cost of goods sold $936,000 $473,000 Selling expenses 119,000 71,000 Administrative expenses 116,000 120,000 Prepare a CVP income statement for the quarter ended March 31, 2020. BLOSSOM INC. CVP Income Statement For the Quarter Ended March 31, 2020
Blossom Manufacturing Ltd. had sales for January 2022 of $1,025,000. The units sold were 20.500, and the expenses for January 2022 were as follows: Cost of goods sold Selling expenses Administrative expenses Show Transcribed Text Variable $207.050 56.375 29,725 Fixed $123,000 28,700 35,875 10 C Blossom Manufacturing Inc. CVP Income Statement Total Per unit

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