The following information pertains to the Gilmore Corporation: Total Units for information given 5,000 Fixed Cost per Unit $150.00 Selling Price per Unit $350.00 $150.00 $300,000 Variable Costs per Unit Target Operating Income What is the breakeven in units? (Round your final calculation to the nearest unit.) O A. 1.500 units OB. 5.250 units OC. 5.000 units OD. 3.750 units

The following information pertains to the Gilmore Corporation: Total Units for information given 5,000 Fixed Cost per Unit $150.00 Selling Price per Unit $350.00 $150.00 $300,000 Variable Costs per Unit Target Operating Income What is the breakeven in units? (Round your final calculation to the nearest unit.) O A. 1.500 units OB. 5.250 units OC. 5.000 units OD. 3.750 units

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...

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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
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
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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
The following information is for the Jeffries Corporation: $16.00 Selling price per unit Variable cost per unit Product A: $10.00 Selling price per unit Variable cost per unit Product B: $33.00 $11.00 Total fixed costs $578,000 What is the breakeven point, assuming the sales mix consists of three units of Product A and one unit of Product B? A. 96,333 units of A and 0 units of B OB. 43,350 units of A and 14,450 units of B OC. 17,515 units of A and 5,838 units of B O D. 14,450 units of A and 43,350 units of B
Expected unit selling price is: $125 Expected unit variable cost is: $70 Expected total fixed costs are: $1,512,500 Required 1. Calculate breakeven point in both units and dollars. (Show work in blank space below.) Round units to the nearest unit and round dollars to the nearest dollar. 2. Compute sales units required to realize income from operations of $630,000. 3. Construct a cost-volume-profit chart assuming maximum sales in the relevant range of 40,000 units. ( Use the available graph template below.) Label the following parts of the graph: Sales Revenue, Fixed Costs, Variable Costs, Total Costs, Profit Area, Loss Area, and Break Even Point.
Expected unit selling price is: $125 Expected unit variable cost is: $70 Expected total fixed costs are: $1,512,500 Required 1. Calculate breakeven point in both units and dollars. (Show work in blank space below.) Round units to the nearest unit and round dollars to the nearest dollar. 2. Compute sales units required to realize income from operations of $630,000. 3. Construct a cost-volume-profit chart assuming maximum sales in the relevant range of 40,000 units. ( Use the available graph template below.) Label the following parts of the graph: Sales Revenue, Fixed Costs, Variable Costs, Total Costs, Profit Area, Loss Area, and Break Even Point