Wyly Inc. produces and sells a single product. The selling price of the product is $245.00 per unit and its variable cost is $73.50 per unit. The fixed expense is $417,270 per month. The break-even in monthly dollar sales is closest to: A. $1,390,900 B. $973,630 C. $596,100 D. $417,270
Q: Give me answer ✅
A: Explanation of Variable Costs:Variable costs, which include materials ($4,080) and hourly labor…
Q: If the standard quantity of materials is 83,800 units at $0.14 per unit and the actual quantity is…
A: To record the cost of materials used, we will calculate the standard cost and the actual cost, then…
Q: Please provide this question solution general accounting
A: Step 1: Definition of Breakeven PointThe breakeven point is the level of sales at which total…
Q: I need answer of this question solution general accounting
A: Step 1: Define Income TaxThe overall taxes of an economy can be broadly categorized into direct…
Q: Expert solve the problem
A: Explanation of Gross Profit: Gross profit is the amount remaining after subtracting the cost of…
Q: Newman Corporation sells one product, its waterproof hiking boot. It began operations in the current…
A: Explanation of Absorption Costing:Absorption costing is a method that includes all manufacturing…
Q: I need this question answer general Accounting
A: Step 1: Define Static CostsStatic costs are the expenses that will remain as is even if there is a…
Q: Sagehen Enterprises reports pretax financial income of $80,000 for 2012. The following cause taxable…
A: Step 1: Understand the ProblemPretax Financial Income: $80,000 (financial reporting income before…
Q: Provide correct option general accounting
A: Book ValueThe book value of an asset represents its value on the company's accounting records. It is…
Q: General accounting
A: Step 1: Define Difference between Actual and Budgeted CostThe total difference between a company's…
Q: General accounting
A: Step 1: Define Recognized GainRecognized profit can be defined as paper profit. In other words, it…
Q: March 1, 201, Dorchester Company's beginning work-in-process inventory had 8,000 units. This is its…
A: Step 1: Identify the DataBeginning WIP inventory: 8,000 units, 50% complete as to conversion…
Q: solve this questions
A: To calculate the ending finished goods inventory under variable costing, we use the variable costing…
Q: Question
A: Concept of Direct Material Cost: Direct material cost refers to the expense incurred for raw…
Q: Solve this question Accounting question
A: Step 1: Define Time Value of MoneyIn the parlance of finance, the concept of time value of money is…
Q: General accounting
A: Step 1: Introduction to income statementIncome statement is referred to as the financial statement…
Q: What is the net income of this accounting question?
A: To calculate the net income, we use the profit margin formula: Net Income = Sales × Profit Margin…
Q: ????
A: Explanation of Double-Declining Balance Depreciation:Double-declining balance is an accelerated…
Q: Provide answer general Accounting
A: To calculate the material price variance, we use the following formula: Material Price Variance =…
Q: Don't use ai please given answer accounting questions
A: Solution:The Price-to-Earnings (P/E) Ratio is calculated using the formula:P/E Ratio=( market per…
Q: General accounting
A: Step 1: Define Factory OverheadThese are expenses incurred in the production process that cannot be…
Q: Answer? ? Financial accounting
A: Step 1: Define Common StockAside from the corporation's preferred stocks that are issued to…
Q: I don't need ai answer general accounting question
A: Step 1: Definition of Predetermined Overhead RateThe predetermined overhead rate is calculated by…
Q: Kindly help me with accounting questions
A: Step 1: Definition of Inventory ShrinkageInventory shrinkage refers to the difference between the…
Q: Need help with this accounting questions
A: Step 1: Definition of Activity RateThe activity rate is the cost allocated to a specific activity…
Q: Solve this question Financial accounting
A: To calculate the flotation-adjusted cost of new common stock for Sunny Day Manufacturing Company, we…
Q: Fuller Animal Feeds has developed the following data for lower-of-cost- or-market valuation for its…
A: 1. Applying LCM to Individual Inventory ItemsUnder this method, we compare the Cost and Market value…
Q: Explanation
A: Key Definitions:Accrual Basis Accounting: Records revenue when earned and expenses when incurred,…
Q: Need help with this accounting questions
A: Step 1: Definition of Lower of Cost or Market (LCM) RuleThe Lower of Cost or Market (LCM) rule…
Q: Subject:- General Account
A: Step 1: Net realizable value per unit Net realizable value per unit = Selling price per unit - Cost…
Q: Provide correct answer general Accounting
A: Step 1: Compute the accrued interest on the promissory note for 8 months by using the following…
Q: What role should the precautionary principle play in the development and application of accounting…
A: Role of the Precautionary Principle in the development and application of Accounting Standards:1.…
Q: Gemini Store has operated with a 30% average gross profit ratio for a number of years. It had…
A: Explanation of Gross Profit Ratio: The gross profit ratio, also known as gross profit margin,…
Q: I want to correct answer general accounting question
A: To calculate the ending long-term debt, we can use the following formula: Ending Long-Term Debt =…
Q: Financial Accounting
A: Step 1:First calculate the weighted average number of shares outstanding: Weighted average number of…
Q: Storm Corporation is planning to sell 100,000 units for $2.45 per unit and will break even at this…
A: Concept of Total Sales RevenueTotal Sales Revenue refers to the total amount of money a company…
Q: Don't use ai given answer accounting questions
A: Step 1: Definition of Cost of Unused CapacityThe cost of unused capacity refers to the difference…
Q: Bal Engineering has $60,000 in assets. They also have $25,000 in liabilities and $5,000 in expenses,…
A: The extended accounting equation is: Assets = Liabilities + (Revenue - (Expenses + Dividends)) We…
Q: A company has a total cost of $50.00 per unit at a volume of 100,000 units. The variable cost per…
A: Approach to solving the question:To calculate the price of a product using a markup of 50%, we need…
Q: I want to correct answer accounting questions
A: The sales-volume variance is calculated as the difference between the planned number of units and…
Q: Need help with this accounting question
A: To determine which loan is better, we need to compare the Effective Annual Rate (EAR) for both…
Q: The Ivam Department transferred 6,000 units to the finished goods storeroom for a month. There was…
A: Explanation of Work in Process (WIP): Work in Process represents units that have started production…
Q: Adjusting Entry?
A: Explanation of Beginning Balance:The beginning balance in the office supplies account represents the…
Q: Need help with this accounting question please solve
A: Step 1: Define GoodwillGoodwill is an intangible asset that represents the excess amount paid by a…
Q: What was the cash balance on November 1?
A: Explanation of Cash Receipts:Cash receipts refer to the total amount of money received by a company…
Q: Please given answer general Accounting
A: To determine how much money to deposit today to have $125,000 in five years at an annual interest…
Q: Hi expert please give me answer general accounting question
A: Step 1: Define Net IncomeWithin a company, net income represents its after-tax earnings during a tax…
Q: Need help with this accounting question please answer
A: Step 1:Gross Profit can be calculated by subtracting the cost of goods sold from the net sales. Step…
Q: Can you provide solutions??
A: Step 1: Identify units completed and transferred outStep 2: Calculate equivalent units for ending…
Q: General accounting
A: Step 1: Define Stockholder's EquityThe stockholders' equity represents the net worth of the company…
Step by step
Solved in 2 steps
- Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90. The companys monthly fixed expenses are $180,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of October when they will sell 10,000 units. How many units will Cadre need to sell in order to realize a target profit of $300,000? What dollar sales will Cadre need to generate in order to realize a target profit of $300,000? Construct a contribution margin income statement for the month of August that reflects $2,400,000 in sales revenue for Cadre, Inc.Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of $30. The companys monthly fixed expenses are $22,500. What is the companys break-even point in units? What is the companys break-even point in dollars? Construct a contribution margin income statement for the month of September when they will sell 900 units. How many units will Maple need to sell in order to reach a target profit of $45,000? What dollar sales will Maple need in order to reach a target profit of $45,000? Construct a contribution margin income statement for Maple that reflects $150,000 in sales volume.Kerr Manufacturing sells a single product with a selling price of $600 with variable costs per unit of $360. The companys monthly fixed expenses are $72,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of January when they will sell 500 units. How many units will Kerr need to sell in order to realize a target profit of $120,000? What dollar sales will Kerr need to generate in order to realize a target profit of $120,000? Construct a contribution margin income statement for the month of June that reflects $600,000 in sales revenue for Kerr Manufacturing.
- Marlin Motors sells a single product with a selling price of $400 with variable costs per unit of $160. The companys monthly fixed expenses are $36,000. What is the companys break-even point in units? What is the companys break-even point in dollars? Prepare a contribution margin income statement for the month of November when they will sell 130 units. How many units will Marlin need to sell in order to realize a target profit of $48,000? What dollar sales will Marlin need to generate in order to realize a target profit of $48.000? Construct a contribution margin income statement for the month of February that reflects $200,000 in sales revenue for Marlin Motors.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?Lin Corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. The company's monthly fixed expense is $31,650. Required: 1. Calculate the unit sales needed to attain a target profit of $5,750. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,900. (Round your intermediate calculations to the riearest whole number.) |1. |Units sales to attain target profit units 2. Dollar sales to attain target profit
- savitaRider Company sells a single product. The product has a selling price of $40 per unit and variable expenses of $15 per unit. The company's fixed expenses total $30,000 per year. The company's break-even point in terms of total dollar sales is: Select one: a. $48,000. O b. $60,000. $80,000. O d. $100,000.Mauro Products distributes a single product, a woven basket whose selling price is $15 and whose variableexpense is $12 per unit. The company’s monthly fixed expense is $4,200.Required:1. Solve for the company’s break-even point in unit sales using the equation method.2. Solve for the company’s break-even point in sales dollars using the equation method and theCM ratio.3. Solve for the company’s break-even point in unit sales using the formula method.4. Solve for the company’s break-even point in sales dollars using the formula method and theCM ratio.
- Raven Inc. sells a single product for $50. Variable costs include $29.00 for each unit plus a $7 selling expense per unit. Fixed costs are $276,920 per month. a. What is the contribution margin percentage? Contribution Margin b. What is the break-even sales revenue? Break-Even Sales Revenue c. What sales revenue is needed to achieve a $250,740 per month profit? Total Sales Revenue NeededLin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,280. Required: 1. Calculate the unit sales needed to attain a target profit of $6,700. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,100. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit units 2. Dollar sales to attain target profit e to searchLin Corporation has a single product whose selling price is $134 per unit and whose variable expense is $67 per unit. The company’s monthly fixed expense is $32,100. Required: 1. Calculate the unit sales needed to attain a target profit of $4,750. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,000. (Round your intermediate calculations to the nearest whole number.)