Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of $300,000 with a CMR of 0.85 The gift store generated the remaining sales at a cost of 30% Tax rate is 27% Annual fixed costs total $1,500,000 Using this information, answer the following questions: 1. What are the total sales required? Group of answer choices $2,142,857.14 3,500,500.15 4,256,360.07

Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of $300,000 with a CMR of 0.85 The gift store generated the remaining sales at a cost of 30% Tax rate is 27% Annual fixed costs total $1,500,000 Using this information, answer the following questions: 1. What are the total sales required? Group of answer choices $2,142,857.14 3,500,500.15 4,256,360.07

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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ANSWER QUESTIONS 3&4 ONLY!!! Vandenberg, Inc., produces and sells two products: a ceiling fan and a table fan. Vandenberg plans to sell 40,000 ceiling fans and 60,000 table fans in the coming year. Product price and cost information includes: Ceiling Fan Table Fan Price $54 $12 Unit variable cost $11 $9 Direct fixed cost $20,800 $41,000 Common fixed selling and administrative expenses total $84,000. Required: 1. What is the sales mix estimated for next year (calculated to the lowest whole number for each product)?Sales mix of ceiling fans to table fans = ____2___ : ____3______ 2. Using the sales mix from Requirement 1, form a package of ceiling fans and table fans. How many ceiling fans and table fans are sold at break-even? Round your intermediate calculations and final answers to the nearest whole number. Break-even ceiling fans 3070 Break-even table fans 4605 3. Prepare a contribution-margin-based income statement for Vandenberg, Inc.,…
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ABC Corporation has the following information about its single product: Selling Price per unit ₱ 20 Variable Cost per unit ₱ 12 Annual Fixed Costs ₱ 40,000 Expected Units to be sold 6,000 units Compute the target sales level (in units and in peso) for the following target profit: 1. Before tax profit of ₱20,000 2. After tax profit of ₱18,000 if the tax rate is 40%
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Assume the following information: Amount Per Unit Sales $ 300,000 $ 40 Variable expenses 120,000 16 Contribution margin 180,000 $ 24 Fixed expenses 60,000 Net operating income $ 120,000 If the company decides to pay a sales commission of 2.5% for each unit sold above the break-even point, what net operating income will it earn if it sells 4,600 units? Multiple Choice $50,800 $45,800 $50,400 $48,300
An animal clinic’s total expected sales amount to ₱650,000 and total variable expenses are ₱380,000. Total fixed expenses are ₱350,000. The breakeven point (in peso) would be? a. ₱ 1,380,000 b. ₱ 823,333.33 c. ₱ 842,592.59 d. ₱ 8,233,333.33 e. ₱ 625,000 f. ₱ 1,030,000
Using this information below, answer the following question: What is the Net Income required? Total sales amount to $2,000,000 Food generates 75% of total sales Food cost is $500,000 Beverages generated sales of $300,000 with a CMR of 0.85 The gift store generated the remaining sales at a cost of 30% Tax rate is 27% Annual fixed costs total $1,500,000 Group of answer choices $1,080,000 $1,010,000 $1,000,000 $1,090,000
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1.3 REQUIRED Use the information given below to calculate the most economic quantity to order each time for 2023 (expressed to next whole number). INFORMATION Milton Wholesalers expects to sell approximately 3 600 cases of soap per month during 2023. Each case of soap costs R200. The cost of placing an order for soap is estimated to be R20. The inventory holding cost of one case of soap is 5% of the unit purchase price.
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Q4 / Al-Omaarah Company produced and sold 1000 bags during the year 2020, the selling price was 20 dinars, and the variable manufacturing costs were 8 dinars per bag, and the fixed manufacturing costs were 12,000 dinars, and the variable marketing costs amounted to 4 dinars per bag and the fixed marketing costs. 3 dinars. Required // 1. Calculate the break-even point in units and amounts 9- Calculating the number of units needed to eam a profit before tax of 1200 dinars Note that the tax rate is 20%, and Gleul variable manufacturing costs are expected to increase 10% in the next year. Calculate the break-even point Next year If the variable manufacturing costs increase by 10%, calculate the selling price that will achieve the survival of the contribution margin ratio As it is.