The following information is for keystone corporation? The following information is for Keystone Corporation:Total fixed costs$289,000Variable costs per unit $85Selling price per unit $140If management has a targeted net income of $72,000 (ignore income taxes), thensales revenue should beA. $575,500B. $987.000C. 8918.960D. $659,200

Explanation of Fixed Costs: Fixed costs are expenses that remain constant regardless of the…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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(Management Accounting) The following information is available for Kismer Corporation: Total fixed costs $313,500 Variable costs per unit $90 Selling price per unit $150 If management has a targeted net income of $59,400, then sales revenue should be ________. A) $239,721 B) $580,067 C) $671,220 D) $932,250
The following information is for Alex Corp: Product X: Revenue Variable Cost Product Y: Revenue Variable Cost Total fixed costs $12.00 $4.50 $25.00 $10.00 $40,500 What is the operating income, assuming actual sales total 120,000 units, and the sales mix is two units of Product X and one unit of Product Y? 1,960,000 1,240,500 1,200,000 1,159,500
Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $295,300 $834,000 Variable costs 118,500 500,400 Contribution margin $176,800 $333,600 Fixed costs 124,800 194,600 Income from operations $52,000 $139,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. Bryant Inc. b. How much would income from operations increase for each company if the sales of each increased by 20%? If required, round answers to nearest whole number. Dollars Percentage Beck Inc. $ % Bryant Inc. $ % c. The difference in the of income from operations is due to the difference in the operating leverages. Beck Inc.'s operating leverage means that its fixed costs are a percentage of contribution margin than are Bryant Inc.'s.
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Howell CompanyBelow is an income statement for Howell Company: Sales $600,000 Variable costs (150,000) Contribution margin $450,000 Fixed costs (300,000) Profit before taxes $150,000 Refer to Howell Company. What was Howell’s margin of safety? Select one: a. $150,000 b. $200,000 c. $300,000 d. $175,000
Beck Inc. and Bryant Inc. have the following operating data: Beck Inc. Bryant Inc. Sales $326,000 $978,000 Variable costs 130,800 586,800 Contribution margin $195,200 $391,200 Fixed costs 134,200 228,200 Income from operations $61,000 $163,000 a. Compute the operating leverage for Beck Inc. and Bryant Inc. If required, round to one decimal place. Beck Inc. fill in the blank 1 Bryant Inc. fill in the blank 2 b. How much would income from operations increase for each company if the sales of each increased by 15%? If required, round answers to nearest whole number. Dollars Percentage Beck Inc. $fill in the blank 3 fill in the blank 4 % Bryant Inc. $fill in the blank 5 fill in the blank 6 % c. The difference in the of income from operations is due to the difference in the operating leverages. Beck Inc.'s operating leverage means that its fixed costs are a percentage of contribution margin than are Bryant Inc.'s.

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The following information is for Keystone Corporation: Total fixed costs $289,000 Variable costs per unit $85 Selling price per unit $140 If management has a targeted net income of $72,000 (ignore income taxes), then sales revenue should be A. $575,500 B. $987.000 C. 8918.960 D. $659,200