Please do not give solution in image format thanku These sweatshirts would have to be ordered from themanufacturer six weeks in advance, and they could not bereturned because of the unique printing required. Thesweatshirts would cost Hooper $18.00 each with a minimumorder of 232 sweatshirts. Any additional sweatshirts would haveto be ordered in increments of 232.Since Hooper's plan would not require any additional facilities,the only costs associated with the project would be the costs ofthe sweatshirts and the costs of the sales commissions. Theselling price of the sweatshirts would be $36.00 each. Hooperwould pay the students a commission of $5.00 for each shirtsold.Required:1. What level of unit sales and dollar sales is needed to attaina target profit of $12,064?2. Assume that Hooper places an initial order for 232sweatshirts. What is his break-even point in unit sales anddollar sales?Note: Round your intermediate calculations, round "Break-even point in unit sales" up to the nearest whole unit andround "Break-even point in dollar sales" to the nearest wholedollar.1. How many sweatshirts would Hooper need to sell to earn atarget profit of $13,572?Note: Round final answer up to the nearest whole unit.1. Unit sales needed to attain the target profit1. Dollar sales needed to attain the target profit2. Break-even point in unit sales2. Break-even point in dollar sales3. Number of sweatshirtssweatshirtssweatshirtssweatshirts

Contribution margin= Sales - Variable costContribution margin % = (Contribution margin / Sales)* 100

These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $18.00 each with a minimum order of 232 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 232. Since Hooper's plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $36.00 each. Hooper would pay the students a commission of $5.00 for each shirt sold.

These sweatshirts would have to be ordered from the manufacturer six weeks in advance, and they could not be returned because of the unique printing required. The sweatshirts would cost Hooper $18.00 each with a minimum order of 232 sweatshirts. Any additional sweatshirts would have to be ordered in increments of 232. Since Hooper's plan would not require any additional facilities, the only costs associated with the project would be the costs of the sweatshirts and the costs of the sales commissions. The selling price of the sweatshirts would be $36.00 each. Hooper would pay the students a commission of $5.00 for each shirt sold.

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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