answer must be correct. The following information pertains to the Gilmore Corporation:Total Units for information given5,000Fixed Cost per Unit$150.00Selling Price per Unit$350.00$150.00$300,000Variable Costs per UnitTarget Operating IncomeWhat is the breakeven in units? (Round your final calculation to the nearest unit.)O A. 1.500 unitsOB. 5.250 unitsOC. 5.000 unitsOD. 3.750 units

The breakeven point in units is the number of units a company needs to sell to cover its fixed…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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
I'se the following information to answer questions 1-6. Selling price per unit Luriable manufacturing cost per unit Fixed manufacturing cost per unit V'ariable selling cost per unit Fixed selling cost per unit Expected production and sales P100 20 30 25 10 1,000 units 1. Contribution margin per unit is a. P50 b. P55 с. Р80 d. P15 2. The contribution margin ratio is a. 45% b. 50% c. 55% d. 15%
Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Total Per unit $ 567,100 $107.00 360,400 $ 132,500 Company B 2,500 Total 155,000 212,500 77,500 Per unit Ⓒ []
If fixed costs are $1,429,000, the unit selling price is $238, and the unit variable costs are $100, what is the amount of sales required to realize an operating income of $244,000? Oa. 14,290 units Ob. 2,440 units Oc. 6,004 units Od. 12,123 units
If fixed costs are $1,239,000, the unit selling price is $236, and the unit variable costs are $106, the amount of sales (units) required to realize an operating income of $195,000 is Oa. 5,250 units Ob. 11,689 units Oc. 1,840 units Od. 11,031 units
If fixed costs are $1,343,000, the unit selling price is $235, and the unit variable costs are $102, the amount of sales in units (rounded to the nearest whole unit) required to realize an operating income of $210,000 is Oa. 13,167 units Ob. 2,059 units Oc. 5,715 units Od. 11,677 units
11. George Corporation has the following information for the current year: Selling price per unit Variable costs per unit 10.00 $ 6.00 $1,000.00 Fixed costs Required: Prepare a cost-volume-profit graph identifying the following items: Total fixed costs line Total variable costs line Total costs line Total revenues line Breakeven point in sales dollars Breakeven point in units Profit area Loss area А. В. С. D. E. F. G. Н. 6,000 5,000 4,000 3,000 2,000 1,000 100 200 300 400 500 Qty (# Units) 3 Dollars ($)
If fixed costs are $1,472,000, the unit selling price is $236, and the unit variable costs are $110, what is the amount of sales in units (rounded to a whole number) required to realize an operating income of $233,000? a.13,382 units b.2,118 units c.6,237 units d.13,532 units
Determine the missing amounts. Unit SellingPrice Unit VariableCosts Unit ContributionMargin Contribution MarginRatio 1. $750 $375 $ (a) % (b) 2. $450 $ (c) $153 % (d) 3. $ (e) $ (f) $760 40 %
What type of cost exhibits the behavior shown below? Manufacturing Volume (Units) Cost Per Unit 50,000 $1.95 70,000 1.95 Select one: a. Discretionary fixed cost b. Step-fixed cost. c. Semivariable cost.d. Variable cost. e. Fixed cost
If fixed costs are $1,334,000, the unit selling price is $240, and the unit variable costs are $109, what is the amount of sales required to realize an operating income of $221,000? a.5,558 units b.2,028 units c.12,239 units d.11,870 units
47. Given the cost formula Y = $17,500 + $4X, at what level of activity will total cost be $42,500? A. 10,625 units B. 4,375 units C. 6,250 units D. 5,250 units

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