SmartTech Electronics sells wireless earbuds at $80 per unit. The variable cost per unit is $35, and fixed costs are $90,000 per year. What sales volume (in units) is needed to achieve a target profit of $60,000?
Q: None
A: Add the cash receipts to the beginning cash balance and deduct the cash disbursements to get the…
Q: General Accounting
A: Step 1: Define Operating leverageOperating leverage is calculated to identify how well the company…
Q: General Accounting Question No 21 :
A: Step 1: Define High Low MethodHigh Low method is one strategy to compute for the variable cost per…
Q: Answer correct
A: Explanation of Sales Revenue:Sales revenue is the total amount generated from selling goods or…
Q: Want solution
A: Explanation of Absorption Costing:Absorption costing is a costing method in which all manufacturing…
Q: Get correct answer accounting
A: Step 1: Define InventoryInventory is considered as a current asset recorded under asset section in…
Q: Exercise 10-6 (Algo) Straight-Line: Recording bond issuance and discount amortization LO P2 Dobbs…
A: c). Date General journal Debit ($)Credit ($)31/12/2023Bonds payable$ 94,000 Cash $ 94,000 THANK…
Q: Get correct answer accounting
A: Step 1: Define Net IncomeNet income is the company's bottom line because it is the last derivation…
Q: Becket Corporation’s accountant has prepared the following balance sheet as of November 10, 2024,…
A: First, let's organize the information we have:Asset value changes:Accounts receivable: Write off…
Q: Q3 Prepare the Statement of Comprehensive Income for the year ended 31 December 2023. Some of the…
A: Step 1: Revenue (Net Sales) Sales: From the trial balance, total sales are R3,785,000.Less: Sales…
Q: Answer with detailed information
A: Explanation of Transfer Pricing:Transfer pricing refers to the pricing of goods, services, or…
Q: Question: Production costs were $128,500 at 45,000 units and $163,000 at 58,000 units. Using the…
A: Step 1:As per High low method of cost calculation variable cost per unit is = ( Cost at higher level…
Q: managerial account
A: Given Data:Desired Profit = $30,000Variable Cost per Unit = $99Fixed Costs = $20,000Units Sold =…
Q: accounting
A: Explanation of Break-even Point: Break-even point is the level of sales where total revenues equal…
Q: Financial Accounting
A: Step 1: Define Financial AnalysisExpressing financial statement items as a percentage of a base-year…
Q: Please need help with this accounting question
A: Step 1: Define Adjusting EntriesUnder the accrual basis of accounting, the correct revenue and…
Q: Explain the following accounting terms in relation to healthcare providers:a. What is the difference…
A: A. Difference Between Gross Revenue and Net RevenueGross Revenue:Gross revenue represents the total…
Q: Please correct answer and don't use hand rating
A: Step 1: Calculate the total costs for each activity cost pool.We don't have the exact total dollar…
Q: solve this account query
A: Step 1: Identify Key InformationFrom the given data:Variable production costs = $480,000Variable…
Q: please answer this account problems
A: Transaction 1:To record the purchase of merchandise, debit the merchandise inventory and credit the…
Q: What type of cost is this on these general accounting question?
A: Step 1: Define Classifications of CostsThe total costs of a firm can be classified into mixed costs,…
Q: Financial Accounting
A: Step 1: Define Price-Earnings RatioPrice-earnings ratios shows the relationship between earning per…
Q: Get correct answer
A: Step 1: Define Inspection costInspection cost means the cost incurred to identify defect-free…
Q: Please give me answer
A: Step 1: Identify the number of inspections for throw rugs.Step 2: Identify the total number of…
Q: Provide answer to this accounting
A: Step 1:Cost accounting primarily uses regression analysis to predict cost behavior by examining the…
Q: Need experts solution only, Don't use AI.
A: Use XLOOKUP to match the order quantity ranges to the corresponding price per roll from the pricing…
Q: Regression
A: Explanation of Regression Analysis: Regression analysis is a statistical method used to determine…
Q: If you give me wrong answer I will give you unhelpful rate on these accounting question
A: Step 1: Define Predetermined Overhead RateA predetermined overhead rate is used to apply the…
Q: Vvvvvvvv
A: Step 1: Identify Deductible Costs Categorize each cost to determine how it can be deducted:…
Q: 1.) Harris Incorporated had the following transactions: On May 1, Harris purchased parts from a…
A: Journal Entries 1. Record the Purchase Denominated in Japanese Yen (May 1) On May 1, Harris records…
Q: 8 What is the single most important indicator used to identify impaired accounts receivable?…
A: The age of the accounts (often referred to as "aging of accounts receivable") is typically the most…
Q: Material purchases budget Hard Core had budgeted sales of 190,000 feet of its concrete culvert…
A: Step 1: First calculate the budgeted production in feet: Budgeted production = Ending finished goods…
Q: Hi expart Provide solution for this general accounting question
A: Step 1: Determine the value of total assets.Total current assets$600,000Total investments85,000Total…
Q: how do you find long term capital loss carryover given the information below: WAR (We Are Rich)…
A: Finding long term capital loss carryover To find the long-term capital loss carryover, let's…
Q: On October 1, McReady Company paid six months insurance in advance totaling $7,800. Please answer…
A: Explanation: In the given case, it is provided that McReady Co. paid 6 month's insurance totaling…
Q: Tax
A: Explanation of Deferred Tax Assets: Deferred tax assets represent the amount of tax relief that will…
Q: Please give me answer
A: We can calculate the cost of common equity by using the Dividend Growth Model. This model assumes…
Q: Please give me answer accounting
A: Step 1 : Define Standard Costing:Standard costing is the estimated cost that a company should incur…
Q: Accounting theory
A: Detailed explanation:Accounting Treatment for Derivatives: Recognition and Measurement on the…
Q: 9 Monday Ltd.'s allowance for doubtful accounts was $85,000 at the end of 2020 and $105,000 at the…
A: 1. Understanding the Allowance for Doubtful Accounts:This is an estimate of the amount of accounts…
Q: tell true option
A: a. Taxing authorities - IncorrectFor the sake of tax compliance, taxing authorities (such the IRS)…
Q: General Accounting Question Provide
A: Step 1: Definition of Estimating Inventory:Inventories are estimated when the company does not know…
Q: posting in account
A: Step 1: Understanding the Profit Margin RatioThe profit margin ratio measures how much net income is…
Q: Assignment 6.8 financial accounting
A: Explanation of Principal: Principal is the original amount of money borrowed in a loan, upon which…
Q: Use the following information from XYZ Company's balance sheet:
A: Step 1: Define Debt-to-equity ratio Return on equity compares the total amount of money that the…
Q: Hello tutor answer these general accounting question not use chatgpt
A: Step 1: Define Standard Costing The standard costing method helps the company know the expectations…
Q: Prepare the Statement of Financial Position as at 29 February 2024. INFORMATION The trial balance,…
A: Explained Above
Q: Please give me answer general accounting
A: 1) Degree of operating leverage = Contribution margin / Net operating income Given:Total variable…
Q: Solve general accounting question
A: Step 1: Define ROEROE is a profitability ratio that measures how much net income is generated on…
Q: Provide solution
A: Explanation of Beginning Inventory:Beginning inventory is the value of goods that a company has in…
Please Solve This General Accounting Question
Step by step
Solved in 2 steps
- Suppose executives estimate that the unit variable cost for their DVD recorder is $100, the fixed cost related to the product is $10 million annually, and the target volume for next year is 100,000 recorders. What sales price will be necessary to achieve a target profit of $l million?Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price $ 450.00 per unit Variable costs 210.00 per unit Fixed costs 764,000 per year Assume that the projected number of units sold for the year is 4,750. Consider requirements (b), (c), and (d) independently of each other. What will the operating profit be? What is the impact on operating profit if the sales price decreases by 20 percent? Increases by 10 percent? What is the impact on operating profit if variable costs per unit decrease by 10 percent? Increase by 20 percent? Suppose that fixed costs for the year are 20 percent lower than projected, and variable costs per unit are 10 percent higher than projected. What impact will these cost changes have on operating profit for the year? Will profit go up? Down? By how much?What's the breakeven point in sales units? What's the breakeven point in sales dollars? Cryptocoins is a manufacturer of 3D cameras and is preparing production and sales forecasts for the coming fiscal year. The company needs to determine the point at which the projected sales revenue will equal the total of all fixed and variable costs. Fixed costs are estimated to be $314,390, and variable costs are expected to be maintained at $150 per camera. Each camera will sell for $299.
- Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price $ 438.00 per unit Variable costs 198.00 per unit Fixed costs 680,000 per year Assume that the projected number of units sold for the year is 4,150. Consider requirements (b), (c), and (d) independently of each other. Required: What will the operating profit be? What is the impact on operating profit if the sales price decreases by 20 percent? Increases by 10 percent? What is the impact on operating profit if variable costs per unit decrease by 10 percent? Increase by 20 percent? Suppose that fixed costs for the year are 20 percent lower than projected, and variable costs per unit are 10 percent higher than projected. What impact will these cost changes have on operating profit for the year? Will profit go up? Down? By how much? omplete this question by entering your answers in the tabs below. Required A Required B…Grove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price $ 430 per unit Variable costs 190 per unit Fixed costs 624,000 per year Assume that the projected number of units sold for the year is 3,750. Consider requirements (b), (c), and (d) independently of each other. Required: What will the operating profit be? What is the impact on operating profit if the sales price decreases by 20 percent? Increases by 10 percent? What is the impact on operating profit if variable costs per unit decrease by 10 percent? Increase by 20 percent? Suppose that fixed costs for the year are 20 percent lower than projected, and variable costs per unit are 10 percent higher than projected. What impact will these cost changes have on operating profit for the year? Will profit go up? Down? By how much?Using sensitivity analysis The Circle Clock Company sells a particular clock for $25. The variable costs are $13 per clock and the breakeven point is 250 clocks. The company expects to sell 300 clocks this year. If the company actually Sells 400 clocks, what effect would the sale of additional 100 clocks have on operating income? Explain your answer.
- Need answer the questionGrove Audio is considering the introduction of a new model of wireless speakers with the following price and cost characteristics. Sales price $ 570.00 per unit Variable costs 330.00 per unit Fixed costs 960,000 per year Required: What number must Grove Audio sell annually to break even? What number must Grove Audio sell to make an operating profit of $180,000 for the year?The Chimes Clock Company sells a particular clock for $40. The variable costs are $23 per clock and the breakeven point is 230 clocks. The company expects to sell 280 clocks this year. If the company actually sells 430 clocks, what effect would the sale of additional 150 clocks have on operating income? Explain your answer. The sale of an additional 150 clocks would operating income by the amount of The total effect would amount to
- MicroCam produces a single product. Variable cost per unit is $25, and fixed costs are $95,000 per year. If the firm sells 5,000 units per year, what price should be charged for each unit to earn $35,000?Charlevoix Cases makes mobile phone cases. The company has collected the following price and cost characteristics: Sales price $ 12.00 per case Variable costs 5.50 per case Fixed costs 403,000 per year Assume that the company plans to sell 77,000 units annually. Consider requirements (b), (c), and (d) independently of each other. Required: What will be the operating profit? What is the impact on operating profit if the sales price decreases by 20 percent? Increases by 10 percent? Note: Do not round intermediate calculations. What is the impact on operating profit if variable costs per unit decrease by 20 percent? Increase by 10 percent? Note: Do not round intermediate calculations. Suppose that fixed costs for the year are 20 percent lower than projected and variable costs per unit are 20 percent higher than projected. What impact will these cost changes have on operating profit for the year? Will profit go up? Down? By how much? Note: Do not round intermediate…NUBD Company manufactures a face masks that sells for P10 per unit. This is its sole product and it has projected the break-even point at 50,000 units in the coming period. If fixed costs are projected at P100,000, what is the projected variable cost ratio?