Kindly help me with this General accounting questions not use chart gpt please fast given solution Variable costs as a percentage of sales for GreenLeaf Co. are 70%, current sales are $500,000,and fixed costs are $120,000.What is the break-even point in sales?

Step 1: Detailed Explanation of Break-even Point CalculationThe break-even point in sales is the…

Answered: Variable costs as a percentage of sales…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter6: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 23E

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Faldo Company produces a single product. The projected income statement for the coming year, based on sales of 200,000 units, is as follows: Required: 1. Compute the unit contribution margin and the units that must be sold to break even. Suppose that 30,000 units are sold above the break-even point. What is the profit? 2. Compute the contribution margin ratio and the break-even point in dollars. Suppose that revenues are 200,000 greater than expected. What would the total profit be? 3. Compute the margin of safety in sales revenue. 4. Compute the operating leverage. Compute the new profit level if sales are 20 percent higher than expected. 5. How many units must be sold to earn a profit equal to 10 percent of sales? 6. Assume the income tax rate is 40 percent. How many units must be sold to earn an after-tax profit of 180,000?
If a company has fixed costs of $6.000 per month and their product that sells for $200 has a contribution margin ratio of 30%, how many units must they sell in order to break even? A. 100 B. 180 C. 200 D. 2,000
A company's breakeven sales (BES) is P 600,000. If fixed costs would increase by 10% of this BES, such BES would increase by 40%. a. What is the company's variable cost ratio b. How much is fixed costs of the new BES level?
What is the break even sales? ?
A company's fixed operating costs are $360,000, its variable costs are $2.95 per unit, and the product's sales price is $5.10. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number.
A company has return on sales of 15% at sales of $400,000. Its fixed cost are $90,000; variable costs are $25 per unit. A. What are sales in units? Why? How? B. What is contribution margin per unit? Why? How? C. What is income? Why? How?
A company's fixed operating costs are $310,000, its variable costs are $3.65 per unit, and the product's sales price is $4.10. What is the company's break-even point; that is, at what unit sales volume will its income equal its costs? Round your answer to the nearest whole number. units D
XYZ Corporation produces a product that sells for $30 per unit. The variable cost per unit is $18. Fixed costs for the year are $72,000. a) What is the contribution margin per unit? b) What is the contribution margin ratio? c) What is the break-even sales in dollars?
What is the contribution margin?
Stellar Company has the following sales, variable cost, and fixed cost. If sales increase by $10,000 then their profit increases/ decreases by how much? Sales $50,000 Variable Costs $7,500 Fixed Costs $28,000
A company has a margin of safety of 25%, a contribution margin ratio of 30%, and sales of $1,000,000. a. What is the break-even point in sales dollars? $ b. What is the operating income? $ c. If neither the relationship between variable costs and sales nor the amount of fixed costs is expected to change in the next year, how much additional operating income can be earned by increasing sales by $110,000?
How much sales are necessary to break even?

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Variable costs as a percentage of sales for Green Leaf Co. are 70%, current sales are $500,000, and fixed costs are $120,000. What is the break-even point in sales?