You are required to prepare forecasted Income statement for 19B, if the prime cost is 60% of cost of goods sold

Q: Macagba Company uses 1,100 units of an particular item each year. Carrying the item in inventory…

A: Given, Annual requirement = 1,100 units  Carrying Cost = $200 Per unit Per year  Order Cost = $150…

Q: Cascade Enterprises enjoys a substantial amount of market power in this market. Cascade has fixed…

A: Profit = Sales revenue  - Variable Cost - Fixed cost

Q: The company produced and sold 14,000 units last year with sales price of $50 per unit and unit…

A: Current profit = (sales price- variable costs) x no. of units sold  - fixed costs =…

Q: al fixed expenses were $30,000 for the s are expected to increase to $36,000, r unit will remain…

A: Net Operating Income = Total Contribution - Fixed Expenses Contribution margin is the sales less…

Q: Jordan Inc. manufactures Product B, incurring variable product costs of $15.00 per unit and fixed…

A: Mark-Up % :— Mark Up cost is the Difference Between Sales - Total Product Cost. Markup % as per…

Q: Data concerning the single product a company sells show that selling price and variable expenses per…

A: Solution : Given Current sales units 9900 units per month Selling price per unit $150…

Q: Nytre Limited sells executive office chairs for a price of $195 each. The contribution margin ratio…

A: The targeted sales are calculated as sum of fixed cost and target profit divided by contribution…

Q: . Fong Company introduced a new product last year for which it is trying to find an optimal selling…

A: We will take the units to be increased by 5000 units and we will reduce the selling price by $2 for…

Q: Last year Minden Company introduced a new product and sold 25,100 units of it at a price of $100 per…

A: The objective of the question is to calculate the net operating income, break-even point in unit…

Q: A company manufactures and sells a single product that sells for $700 per unit; variable costs are…

A: The Dollar Sales required to earn the target pretax net income of $1,285,000 is $…

Q: A certain company has the capacity to produce 500,000 units of a product yearly. This year, the…

A: Answer - Formula for Break even Point -  Break even Point = Fixed Cost/ (Sales price per unit -…

Q: The Doral Company manufactures and sells pens. Currently, 5,000,000 units are sold per year at $0.50…

A: “Hey, since there are multiple questions posted, we will answer three question. If you want any…

Q: ACE processing company uses 2,400 units of a product per year on a continuous basis. The product…

A: Economic Order Quantity is an inventory management technique where it helps to order the required…

Q: What is the company's margin of safety?

A: The margin of safety is the difference between the total sales revenue and the breakeven point…

Q: Drake Company produces a single product. Last year's income statement is as follows: Sales (21,000…

A: Break even point : It refers to that point where total cost is equal to total revenue,   i e. It is…

Q: Smirnoff Corp. invested P31,250,000 in a cabinet-making business. It expects to earn a 25% return on…

A: solution: Required net income= P31,250,000 * 25% = P7,812,500 Required income per unit = P7,812,500…

Q: Sunshine Company’s single product has a selling price of P25 per unit. Last year the company…

A: Required sales in units can be calculated by dividing sum of fixed cost and profit with contribution…

Q: Amirul Sdn Bhd, a pen manufacturer, identified that per pen its labour cost was RM5  and its…

A: A flexible budget is one based on different volumes of sales.it flexes the static budget for each…

Q: Last year, Hever Inc. had sales of $936,000, based on a unit selling price of $390. The variable…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Liman Corporation has a single product whose selling price is $140 and whose variable expense is $60…

A: The target profit refers to the expected amount of profit that the entity wants to achieve. The…

Q: Last year Minden Company introduced a new product and sold 25, 500 units of it at a price of $90 per…

A: CVP analysis, or cost-volume-profit analysis, is a management accounting technique used to analyze…

Q: Construct a cost-volume-profit chart indicating the break-even sales for last year. Verify your…

A: The cost-volume-profit analysis, sometimes referred to as the breakeven analysis, aims to identify…

Q: Last year, Hever Inc. had sales of $500,000, based on a unit selling price of $250. The variable…

A: To construct a cost-volume-profit (CVP) chart and determine the break-even sales for Hever Inc. from…

Q: Frank Corporation manufactures a single product that has a selling price of S30.00 per unit. Fixed…

A: Formula used: Units to be sold to earn a target profit = ( Fixed cost + target profit ) / Unit…

Q: Oriole reported the following results from the sale of 5000 units in May: sales $300000, variable…

A: Lets understand the basics. Management needs to make decision about whether to implement any…

Q: Last year Minden Company introduced a new product and sold 14,000 units at a price of $72 per unit.…

A: The question is based on the concept of Cost Accounting.Net operating profit or loss is the…

Q: Calculate the number of units the company needs to sell in order to break even. The company sells…

A:

Q: Interchange Inc. had sales of $400,000, based on a unit selling price of $200. The variable cost per…

A: We calculate the business's cost-profit-volume (CPV) and break-even point for various reasons.…

Q: Please fill out this chart

A: We simply follow the format to prepare the Income Statement. Start with sales, deduct variable costs…

Q: The Saline Company produces and sells rock salt. its annual fixed cost was $10,000. during the past…

A: Break even means where there is no profit no loss. Break even point means where the total cost and…

Q: The Titan Company provides you with the following information for the current year: Revenues =…

A: It is given that cost of goods sold = $750,000 2/3rd of the above is variable , variable cost =…

Q: In 2012, Grant Co. sold 160,000 units of its product at a selling price of $40. The variable cost…

A: Profit = (Sales * PV ratiio ) - Fxed cost So, FIxed cost = ( Sales * PV ratio ) - Profit

Q: A company sells one of its products for $13.80 per unit. Its fixed costs are $1,080.00 per month,…

A: The break even sales are calculated as fixed cost divided by contribution margin ratio. The net…

Q: Drake Company produces a single product. Last year's income statement is as follows: Sales (23,000…

A: The break even sales are the sales where business earns no profit no loss during the period. The…