Sameer sells a product for $75 per unit and has a contribution margin ratio of 40%. Fixed expenses total $180,000 annually. How many units must be sold to yield a profit of $60,000?
Q: How much is the gross profit margin ?
A: Provided Data:Gross Sales = $126,000Sales Returns and Allowances = $8,500Cost of Goods Sold (COGS) =…
Q: I need guidance with this general accounting problem using the right accounting principles.
A: Step 1:The cost of goods sold is calculated by deducting the ending finished goods inventory from…
Q: I need assistance with this financial accounting problem using valid financial procedures.
A: Provided Data:Sales Revenue = $2,960,000Accounts Receivable = $745,000Operating Assets =…
Q: The process of transferring general journal entry information to the ledger is called: a. Balancing…
A: Concept of Posting:Posting is the process of transferring financial information from the general…
Q: Hat is the gross profit?
A: Explanation of Net Sales:Net sales represent the actual revenue a company earns from its core…
Q: Can you solve this general accounting problem with appropriate steps and explanations?
A: Step 1: Detailed explanation of Extended Accounting EquationThe extended accounting equation builds…
Q: Can you demonstrate the accurate method for solving this financial accounting question?
A: Step 1: Detailed Explanation of Break-Even AnalysisBreak-even analysis determines the point at which…
Q: Can you help me solve this general accounting question using valid accounting techniques?
A: Step 1: Definition of Cash CollectedCash collected refers to the total amount of money a business…
Q: On January 1, 2014, Wonder, Inc., reports net assets of $965,000, although equipment (with a…
A: Concept of Unrecorded Intangible AssetAn unrecorded intangible asset refers to a valuable…
Q: The total fixed cost
A: Explanation of High-Low Method:The high-low method is a cost estimation technique used to separate…
Q: Please provide the solution to this general accounting question with accurate financial…
A: Step 1: Definition of Cost of Goods Manufactured (COGM)Cost of Goods Manufactured (COGM) is the…
Q: What is the gross profit?
A: Explanation of Gross Profit: Gross profit represents the difference between a company's net sales…
Q: During September, 8,500 units were produced. The standard quantity of material allowed per unit was…
A: Step 1: Definitions Concept of Materials Usage Variance:Materials usage variance, also called…
Q: I want to this question answer for General accounting question not need ai solution
A: Step 1: Detailed Explanation of Direct Materials Price VarianceThe Direct Materials Price Variance…
Q: Please provide the answer to this general accounting question using the right approach
A: Step 1: Detailed Explanation of Pension ExpensePension expense under a defined-benefit plan includes…
Q: Provide Answer
A: Approach to solving the question: Detailed explanation: To find the answers, we use the high-low…
Q: If Jenna sells 12 units, her profile would be_______ dollars.
A: To calculate Jenna's profit, we need to calculate her total revenue and total cost.Total Revenue…
Q: Can you help me find the accurate solution to this financial accounting problem using valid…
A: Step 1: Detailed Explanation of Market-to-Book Ratio and P/E RatioThe market-to-book ratio compares…
Q: Can you provide the accurate answer to this financial accounting question using correct methods?
A: Step 1: Detailed Explanation of Financial Ratios Return on Assets (ROA) measures a company's…
Q: Tally & Co. incurred a pretax operating loss of $100,000 in its first year of operations for…
A: Deferred tax assets are created when a business overpays taxes or pays taxes in advance. These taxes…
Q: Accounting 12 May I please have a brief summary highlighting one unique feature of the app,…
A: The Tinq app is designed to help businesses manage tasks like scheduling and time-tracking…
Q: Answer
A: Explanation of Total Cost: Total cost represents the sum of all expenses incurred by a business…
Q: Can you solve this general accounting problem using appropriate account
A: Step 1: Definition of Economic Order QuantityEconomic Order Quantity (EOQ) is the optimal order…
Q: Can you help me solve this general accounting question using the correct accounting procedures?
A: Step 1: Detailed explanation of interest expense for a note payableThe interest expense for a note…
Q: Need accounting question
A: Step 1: Detailed Explanation of Equity RatioThe Equity Ratio measures the proportion of a company's…
Q: Provide correct solution and accounting question
A: Step 1: Detailed Explanation of Days Sales in Inventory (DSI)Days Sales in Inventory (DSI) measures…
Q: I am looking for help with this general accounting question using proper accounting standards.
A: Step 1: Detailed Explanation of Cash Payments ForecastTo calculate the November cash payments, we…
Q: I am looking for help with this general accounting question using proper accounting standards.
A: Calculation of Total Manufacturing OverheadTotal Manufacturing Overhead = Variable Manufacturing…
Q: Please provide the accurate answer to this general accounting problem using appropriate methods.
A: Step 1: Definition of Activity Variance (Variable Cost)Activity variance measures the difference…
Q: Accounting-Asset turnover : Last year, Pulp Goods had sales of $945,200, net operating income of…
A: Explanation of Asset Turnover:Asset turnover is a financial efficiency ratio that measures how…
Q: correct option please accounting question
A: Step 1: Definition of Direct Materials Price VarianceDirect Materials Price Variance is the…
Q: How much total cost will be allocated?
A: Explanation of Activity-Based Costing (ABC): Activity-based costing is an accounting method that…
Q: Please show me how to solve this financial accounting problem using valid calculation techniques.
A: Step 1: Detailed Explanation of Desired ProfitThe desired profit (or desired operating income) is…
Q: ??!!
A: To find the stock's current price, we can rearrange the Price-to-Earnings (P/E) ratio formula:P/E…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Step 1: Detailed Explanation of Gross ProfitGross Profit: Gross profit is the amount a company earns…
Q: Can you help me solve this general accounting problem using the correct accounting process?
A: Step 1: Detailed Explanation of Beginning Cash BalanceBeginning Cash Balance refers to the amount of…
Q: Can you solve this general accounting problem with appropriate steps and explanations?
A: Step 1: Detailed Explanation of Manufacturing OverheadManufacturing overhead includes all indirect…
Q: Financial accounting question
A: Step 1: Explanation of Return on Total Assets (ROA)Return on Total Assets (ROA) measures how…
Q: Which statement is correct about the derecognition of a matured obligation? Question 7…
A: Derecognition is an accounting term used when a company removes a financial liability or asset from…
Q: Please provide the solution to this general accounting question with accurate financial…
A: Step 1: Definitions Concept of Purchases Budget:A purchases budget is a financial plan that…
Q: Agree or disagree with the post Financial statements provide raw data, but without analysis, they…
A: The post correctly emphasizes that while financial statements are essential, they are just the…
Q: Can you demonstrate the proper approach for solving this financial accounting question with valid…
A: Step 1: DefinitionsConcept of Return on Total Assets:Return on Total Assets (ROA) is a profitability…
Q: Hii teacher please provide for General accounting question answer do fast
A: Step 1: Detailed Explanation of Traditional Costing SystemIn a traditional costing system, overhead…
Q: Accounting answer please
A: Step 1: Detailed Explanation of Contribution Margin RatioContribution Margin Ratio represents the…
Q: Compute the cost per unit using absorption costing
A: Explanation of Absorption Costing:Absorption costing is a method where all manufacturing costs—both…
Q: Hii teacher please provide for General accounting question answer do fast
A: Step 1: Detailed Explanation of Cash Borrowing CalculationTo determine the amount the company needs…
Q: HELP
A: Provided Data:Direct Materials = $14Direct Labor = $12Variable Overhead = $9Fixed Overhead = $10…
Q: I am trying to find the accurate solution to this general accounting problem with appropriate…
A: Step 1: Detailed explanation of Gross ProfitGross Profit is calculated as the difference between Net…
Q: If the company uses the straight-line depreciation method, the depreciation expense for year 1…
A: Concept of LandLand refers to the surface of the earth and any natural resources found on it. In…
Q: Can you solve this general accounting problem using accurate calculation methods?
A: Step 1: Detailed explanation of Gross ProfitGross Profit is calculated as the difference between Net…
Sameer sells a product for $75 per unit and has a contribution margin ratio of 40%. Fixed expenses total $180,000 annually. How many units must be sold to yield a profit of $60,000?

Step by step
Solved in 2 steps

- If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000Delta 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.Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.
- Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.Give me Correct Answer
- what are the variable expenses per unit?Jordy Enterprises sells a product for $75 per unit. Variable costs per unit are $40, and monthly fixed costs are $320,000. What unit sales would be required to earn a target profit of $200,000?A start-up company has the following expenses: Rent = $1,100 Utilities = $265 Material and assembly = $12.65/unit Monthly labor = $625 If its product sells for $29.99/unit, how many units must it sell to break even?

