Summit Manufacturing has fixed costs of $3,250,000. Their product sells for $25 per unit with variable costs of $15 per unit. If Summit wants to achieve a target net income of $900,000, how many units must they sell?
Q: Sufficient excess operating capacity
A: Explanation of Special Order Decision:A special order decision involves evaluating whether a company…
Q: Financial accounting
A: Step 1: Define Holding Period Return (HPR) measures the percentage gain or loss on an investment…
Q: How much did Felton pay in cash dividends and what was it's average asset of this financial…
A: Step 1: Define Cash DividendsCash Dividends are payments made by a corporation to its shareholders…
Q: General accounting
A: Step 1:The coupon rate is the annual interest rate stated on the bonds at which interest is paid to…
Q: What is firm's sustainable growth rate?
A: Shareholder's Equity = Total Assets - Total LiabilitiesShareholder's Equity = 1,050 million - 610…
Q: Can you help me with accounting questions
A: To determine the number of units completed by Alpine Manufacturing in March 2024, we use the…
Q: Simons gross profit is
A: Explanation of Gross Profit:Gross profit is the amount remaining after subtracting the cost of goods…
Q: Determine the profit margin
A: Image.Explanation.The profit margin of Grayson Corporation was determined by first calculating its…
Q: Bobick turnover ratio for last year
A: Step 1: Define Asset Turnover RatioAsset turnover is an important ratio to look for investors. This…
Q: Mala Corporation uses direct labor hours in its predetermined overhead rate. At the beginning of the…
A: Concept of Predetermined Overhead RateThe predetermined overhead rate is a cost allocation method…
Q: Correct answer
A: Explanation of Revenue: Revenue represents the total amount of money a company earns from its…
Q: What was sales revenue for the year?
A: Explanation of Assets: Assets are economic resources owned by a company that have value and can…
Q: Solve this financial accounting problem
A: Explanation of Retained Earnings:Retained earnings refer to the portion of a company's net income…
Q: Bloom Enterprises has fixed costs of $825,400. The selling price per unit is $210, and the variable…
A: Required Units=Fixed Costs+ Desired Profit/Selling Price per Unit−Variable Cost per UnitRequired…
Q: Thompson Corporation has a discontinued operation gain of $45,000 and a 28% tax rate. What is the…
A: Explanation of Discontinued Operations:Discontinued operations refer to a business segment or…
Q: Please help me this question solution
A: Net Income = 225,000Preferred Dividends = 20,000Average Stockholders' Equity = 1,750,000Average…
Q: Financial Accounting
A: Concept of RevenueRevenue is the total money earned by a business from selling its products or…
Q: What is power tools materials quantity variance of this general accounting question?
A: Step 1: Define Materials Quantity VarianceMaterials Quantity Variance measures the difference…
Q: How many ribbon it must be sell to achhive this target profit
A: Explanation of Variable Cost:Variable cost refers to expenses that change directly with the level of…
Q: What were total sales for the year?
A: Step 1: Definition of Cost-Volume-Profit (CVP) AnalysisCost-Volume-Profit (CVP) analysis helps…
Q: None
A: Step 1: Definition of Journal Entry for Sale of Receivables with RecourseWhen receivables are sold…
Q: What was ronny electronics sales price variance?
A: Explanation of Sales Price Variance:Sales price variance is the difference between the actual…
Q: General Account
A: Step 1: Definition of Preference StockPreferred stockholders have the first claim on dividends…
Q: Ans please
A: A. Raw Materials Purchase Price VarianceThis variance measures how much the actual cost of raw…
Q: General accounting
A: Step 1: Define Price-Earnings (P/E) Ratio is a financial metric that measures how much investors are…
Q: Provide correct answer general accounting
A: Step 1: Definition of Current AssetsCurrent assets are assets that are expected to be converted into…
Q: Compute the level of the firm's accounts receivable
A: Explanation of Days Sales Outstanding (DSO): Days Sales Outstanding is a key financial metric that…
Q: hello teacher please solve questing
A: Step 1: Definition of Excludable Scholarship IncomeAccording to U.S. Federal Tax Laws, a scholarship…
Q: Give me true answer this general accounting question
A: Step 1: Define Variable Overhead Rate VarianceThe Variable Overhead Rate Variance measures the…
Q: Anna company reported the following data
A: Concept of SalesSales refer to the total revenue a company generates from selling its goods or…
Q: What is its equity multiplier?
A: Here are the calculations:a) Total Asset Turnover (TAT)ROA=Profit Margin×Total Asset TurnoverSolving…
Q: What is its net income?
A: Explanation of Net Income:Net income is the company's profit after deducting all expenses from total…
Q: Goods inventory for January
A: Concept of Cost of Goods Manufactured (COGM)The Cost of Goods Manufactured (COGM) refers to the…
Q: Hi experts please provide solution this general accounting question
A: Step 1: Define Absorption CostingAbsorption costing is a costing method that includes all…
Q: can you please solve this general accountions
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…
Q: How much of every retail sales dollar is made up of merchandise cost on these general accounting…
A: Step 1: Define Cost-to-Sales RatioThe Cost-to-Sales Ratio (also called the Cost-to-Retail…
Q: need help this questions
A: Step 1: Introduction to cash flow statementCash flow statement refers to a financial statement…
Q: general accounting final answer
A: Step 1: Definition of Return on AssetReturn on asset is a financial ratio that compares the total…
Q: Solve this financial accounting problem not use ai
A: Step 1: Define Cash Flow to CreditorsCash Flow to Creditors measures the amount of cash a company…
Q: Provide correct answer this financial accounting question
A: The total cash disbursement in October is calculated as follows: Total cash disbursement = (October…
Q: Get correct solution this financial accounting question
A: Step 1: Define Goodwill in an AcquisitionGoodwill is an intangible asset that arises when a company…
Q: General accounting
A: Key Concepts:1. Dividend Yield: The ratio of dividends per share to stock price2. Capital Gains…
Q: What is the accounts receivable balance on November 30 2023 of this general accounting question?
A: Step 1: Define Accounts Receivable BalanceThe Accounts Receivable Balance represents the total…
Q: Price per pound for direct material is
A: Explanation of Standard Cost:Standard cost is a predetermined estimate of the expected cost to…
Q: general finance
A: Calculate Cost of Goods Manufactured (COGM): COGM = Total Manufacturing Costs + Beginning…
Q: What is the labor efficiency variance for April?
A: Explanation of Labor Efficiency Variance:Labor efficiency variance measures the difference between…
Q: SteelMax produces metal containers that require 2.5 meters of material at $1.20 per meter and 0.3…
A: To calculate the total standard cost per unit, we need to sum up the standard costs for direct…
Q: Need Step by step answer
A: Approach to solving the question:Freeform Detailed explanation: 1. Identify the Original PriceThe…
Q: Calculate stockholders equity on these financial accounting question
A: Step 1: Define Accounting EquationThe Accounting Equation is the fundamental principle of accounting…
Q: help me to solve this questions
A: Step 1: Definition of Overapplied Manufacturing OverheadOverapplied manufacturing overhead occurs…
General acounting
Step by step
Solved in 2 steps with 1 images
- Delta 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.Dove, Inc. produces a product that has a variable cost of $6.00 per unit. The company's fixed costs are $60,000. The product is sold for $9.00 per unit and the company desires to earn a target profit of $30,000. What is the amount of sales that will be necessary to earn the desired profit?need answer this questionDove, Inc. produces a product that has a variable cost of $6.00 per unit. The company's fixed costs are $60,000. The product is sold for $9.00 per unit and the company desires to earn a target profit of $30,000. What is the amount of sales that will be necessary to earn the desired profit?
- What amount sales is necessary to earn desired profit?Jasmine Incorporated sells a product for $61 per unit. Variable costs per unit are $31, and monthly fixed costs are $252,000. Answer the following questions: Required: a. What is the breakeven point in units? b. What unit sales would be required to earn a target profit of $162,000 ? c. Assuming Jasmine achieves the level of sales required in part b, what is the margin of safety in sales dollars?A company faces fixed costs of $100,000 and variable costs of $8.00/unit. They plan to directly sell their product to the market for $12.00. How many units must they produce and sell to break even?
- Pioneer Manufacturing has fixed costs of $60,000 and variable costs of $40 per unit. If they sell each unit for $100, how many units must be sold to earn a target profit of $40,000? (Round your answer). General AccountWhat does the selling price per unit need to be?Halifax Products sells a product for $75. Variable costs per unit are $50, and monthly fixed costs are $75,000. Answer the following questions: Required: What is the break-even point in units? What unit sales would be required to earn a target profit of $200,000? Assuming Halifax achieve the level of sales required in part b, what is the margin of safety in sales dollars?
- The marketing manager of Jordan Corporation has determined that a market exists for a telephone with a sales price of $19 per unit. The production manager estimates the annual fixed costs of producing between 41,600 and 80,700 telephones would be $310,200. Required Assume that Jordan desires to earn a $120,000 profit from the phone sales. How much can Jordan afford to spend on variable cost per unit if production and sales equal 47,800 phones? Variable cost per unitBradley Company sells a product that has variable costs of $54 each and a sales price $79 each. Bradley has fixed costs of $110,000 and a desired profit of $35,000. If the Company is able to reduce its variable cost per unit to $39 while holding all other items constant, the number of units that must be sold to earn the desired profit willSwifty Corporation is planning to sell 810000 units for $1.50 per unit. The contribution margin ratio is 20% . If Swifty will break even at this level of sales, what are the fixed costs? O $810000 $567000. O $930000. $243000.