tutor give proper solution The following information pertains to the Lurkins Company:Sales price per unit$ 300Variable cost per unit$ 220Total fixed costs$ 5,00,000$ 1,00,000Net incomeWhat were unit sales for the company?a. 7,500b. 2,727c. 2,000d. 1,667

Step 1: Define Sales revenueSales revenue is the total income generated from selling goods or…

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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
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 Ⓒ []
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11. George Corporation has the following information for the current year: Selling price per unit Variable costs per unit 10.00 $ 6.00 $1,000.00 Fixed costs Required: Prepare a cost-volume-profit graph identifying the following items: Total fixed costs line Total variable costs line Total costs line Total revenues line Breakeven point in sales dollars Breakeven point in units Profit area Loss area А. В. С. D. E. F. G. Н. 6,000 5,000 4,000 3,000 2,000 1,000 100 200 300 400 500 Qty (# Units) 3 Dollars ($)
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What is the contribution margin per unit of this general accounting question?
7
The following information pertains to the Lurkins Company Sales price per unit $ 160 Variable cost per unit $ 110 Total fixed costs $250,000 Net income $ 50,000 Unit sales for the company must have been: Select one: O a. 1,000 O b. 1,875 O c. 2,727 O d. 6,000 diront
A recent income statement of.... Please provide answer this general accounting question
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A company has assessed the profitability of its three products as shown here: Product A Product B Product C Total Sales (units) 3,000 5,000 2,000 10,000 £ £ Price 15.00 10.00 5.00 Variable costs 6.00 4.00 3.00 Divisible fixed costs 2.00 1.00 0.50 Non-divisible fixed costs 2.00 2.00 2.00 Profit/(Loss) 5.00 3.00 (0.50) As a result of this, it has been suggested that Product C should be dropped. All other things being equal what would be the financial impact of dropping Product C? A B Profit would increase by £1,000. Profit would increase by £2,000. Profit would fall by £3,000. C D Profit would fall by £4,000. £
What is silverline's contribution margin ratio on these general accounting question?

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The following information pertains to the Lurkins Company: Sales price per unit $ 300 Variable cost per unit $ 220 Total fixed costs $ 5,00,000 $ 1,00,000 Net income What were unit sales for the company? a. 7,500 b. 2,727 c. 2,000 d. 1,667