Wang Company manufactures and sells a single product that sells for $640 per unit; variable costs are $352 per unit. Annual fixed costs are $985,500.Current sales volume is $4,390,000. Management targets an annual income of $1,315,000. Compute the unit sales to earn the target income.Select one:a. 6.164.Ob. 7,988.O c. 19,383.O d. 3,422.Oe. 4,934.

Target unit sales refer to the specific quantity of products a company aims to sell within a set…

Answered: Wang Company manufactures and sells a…

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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Sheffield Corp. sells 200000 units for $14 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses in the CVP income statement? $2200000. $2550000. $600000. $2450000.
Brand Company provides the following information about its single product. Targeted operating income $35,000 Selling price per unit $7.85 Variable cost per unit $6.10 Total fixed cost $96,250 What is the contribution margin per unit at the Brand Company? A) $6.10 B) $1.75 C) $0.22 D) $13.95
Whirly Corporation’s most recent income statement is shown below: Total Per Unit Sales (8,800 units) $ 281,600 $ 32.00 Variable expenses 167,200 19.00 Contribution margin 114,400 $ 13.00 Fixed expenses 54,900 Net operating income $ 59,500 Required: Prepare a new contribution format income statement under each of the following conditions (consider each case independently): 1. The sales volume increases by 80 units. 2. The sales volume decreases by 80 units. 3. The sales volume is 7,800 units.
A company reports the following information for the current year: Units Produced (25,000)< Units Sold (15,000), DM ($9 per unit), DL ($11 per unit), VOH (total $75,000) and FOH (total $137,500). If the product is sold for $50 per unit and operating expenses are $200,000, compute the net income under absorption costing. O a. $80,500 O b. $122,500 c. $55,000 O d. $67,500
Melanio Company produces a merchandise that has the following data: Unit Sales Price P80 per unit P48 per unit P640,000 per annum 25,000 units Unit Variable Costs Total Fixed Costs Units sold during the current year
The Abigail Company produces and sell two products, X and Y. Cost and revenue data on the products follow: Product X Product Y P24 Selling price per unit Variable cost per unit Contribution margin per unit P20 12 6. P8 P18 In the most recent month, the company sold 400 units of Product X and 800 units of Product Y. Fixed expenses are P10,000 per month. REQUIRED: 1. Prepare a comparative income statement for both products on the most recent monthly projections. 2. Compute the company's overall monthly break-even point in peso sales.
United Merchants Company sells 17,000 units at $10 per unit. Variable costs are $6.40 per unit, and fixed costs are $31,200. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Income from operations $fill in the blank 3
Company XYZ produced and sold 7500 units. The selling price per unit was OMR22 The variable manufacturing cost per unit was OMR8. The variable selling and administrative expenses per unit was OMR10. The total fized expenses were OMR2,000. Calculate the total contribution margin. Select one: O a. OMR2B000 b. OMR165,000 O c. OMR30,000 O d. OMR105,000 O e. OMR163,000
15. Orion Company sells several products. Information of average revenue and costs is as follows: Selling price per unit $23 Variable cost per unit: Direct material $4.00 Direct manufacturing labor $1.60 Variable manufacturing Overhead $0.40 Sales commission $2.10 Annual fixed costs $100,000 The company sells 12,000 units at the end of the year. The contribution per unit is? a. $16.50 b. $14.90 c. $18.60 d. $19.00
Ferrante Company sells 15,000 units at $47 per unit. Variable costs are $31.96 per unit, and fixed costs are $76,700. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) income from operations. a. Contribution margin ratio (Enter as a whole number.) fill in the blank 1 % b. Unit contribution margin (Round to the nearest cent.) $fill in the blank 2 per unit c. Income from operations $fill in the blank 3
The Cartwright Company income statement revenue and per unit costs are as follows: Sales $100.00 Variable cost $38.00 Fixed cost $40.00 Operating Income $22.00 Interest $4.40 EBIT $17.60 If the company sells 600 units, what is the degree of operating leverage for the Cartwright Company? (round to two decimal places)
Harry Company sells 37,000 units at $44 per unit. Variable costs are $36.52 per unit, and fixed costs are $96,900. Determine (a) the contribution margin ratio, (b) the unit contribution margin, and (c) operating income. a. Contribution margin ratio (Enter as a whole number.) b. Unit contribution margin (Round to the nearest cent.) per unit C. Operating income

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