Data concerning Follick Corporation's single product appear below: Selling price per unit$ 200.00Variable expense per unit$ 72.00Fixed expense per month$ 135,680 The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.)

1. Break-even units: = Fixed cost per month/contribution per unit 2. Break-even sales dollar:…

Answered: The break-even in monthly dollar sales…

Business

Accounting

The break-even in monthly dollar sales is closest to

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

See similar textbooks

Related questions

Q: The following information pertain to questions 10 through 13. Hoopie Company sells a single product.…

A: Selling price per unit: It is the price at which a unit of product is sold in the market. Variable…

Q: Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of…

A: Formula used: Break even point in dollars = Break even point in units x Selling price per unit

Q: Pultz Corporation produces and sells a single product. Data concerning that product appear below:…

A: The question is related to Marginal Costing. The Contribution Margin is calculated with the help of…

Q: Company ABC distributes a single product. The company’s sales and expenses for last month follow:…

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

Q: For a table manufacturing company, selling price for a table is $61.00 per Unit, Variable cost is…

A: Fixed Cost: As the name itself suggests, the cost will be fixed whether production activity is…

Q: Data concerning Celenza Corporation's single product appear below: selling price per unit- $230…

A: Formula: Dollar sales to attain that target profit = (Fixed expense + Target profit) / Contribution…

Q: Marlin Motors sells a single product with a selling price of $450 with variable costs per unit of…

A: Dear student, as per bartleby guidelines we are supposed to answer only 3 subparts of the questions,…

Q: Wimpy Inc. produces and sells a single product. The selling price of the product is $230.00 per unit…

A: Contribution = Selling Price - Variable Cost = $230 - $78.20…

Q: Heathman Incorporated produces and sells a single product. The selling price of the product is…

A: Break-even sales is the sales amount at which the company records neither gain nor losses,hence the…

Q: Maple Enterprises sells a single product with a selling price of $90 and variable costs per unit of…

A: Break even point is the number of units sold to earn no profit or no loss in the business. The more…

Q: Last month Bryn Company had a $45,057 profit on sales of $296,632. Fixed costs are $72,308 a month.…

A: Contribution Margin = Fixed Costs + Net Income. Contribution Margin Ratio = (Fixed Costs + Net…

Q: Maple Enterprises sells a single product with a selling price of $76 and variable costs per unit of…

A: Meaning of Target Sales Target Sales is the revenue level needed to attain a budgeted profit level.…

Q: Questions 18 to 20 are based on the following Joel Company sells only one product. Managers…

A: Breakeven sales is the amount of sales revenue at which business is recovering its fixed costs and…

Q: Lin Corporation has a single product whose selling price is $136 per unit and whose variable expense…

A: Formula: Contribution margin = Sales price - variable cost

Q: Data concerning Follick Corporation's single product appear below. Selling price per unit Variable…

A: Formula used: Break even dollar sales = Break even quantity x Sales price per unit

Q: Given for one of the products of Juarez Co. Sales price per product unit Variable expenses per…

A: Contribution margin = Selling price - Variable cost per unit Break-even sales = Fixed cost /…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $22 per unit and…

A: Break even point= A Break even point is a point where business has no loss no profit. In other words…

Q: Company ABC distributes a single product. The company’s sales and expenses for last month follow:…

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

Q: Maple Enterprises sells a single product with a selling price of $60 and variable costs per unit of…

A: Given, Selling price = $60 Variable costs per unit = $40 Fixed costs = $13,479

Q: Mauro Products distributes a single product, a woven basket whose selling price is $18 per unit and…

A: Breakeven sales is that level of sales revenue at which business is only recovering it's total fixed…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $30 per unit and…

A: Break even point = Fixed costs /Contribution margin per unit where, Contribution margin per unit =…

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: Ashland Company manufactures and sells a single product. The company's sales and expenses for a…

A: Break-even point: A breakeven analysis is a calculation of the point at which revenue equals…

Q: Flesch Corporation produces and sells two products. In the most recent month, Product C90B had sales…

A: Breakeven sales revenue is that point of sales revenue at which business is recovering it's fixed…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $23 per unit and…

A: Break Even point is a point where no profit or loss exist. Formula. BEP (in units) = Fixed Cost /…

Q: Monterey Co. makes and sells a single product. The current selling price is $14 per unit. Variable…

A: New selling price per unit for part (d) = $14 - $2 = $12 New selling price per unit for part…

Q: Data concerning Bon Corporation's single product appear below: Selling price per unit $ 180.00…

A: Contribution margin per unit = Selling price per unit - Variable expense per unit = $180 - $68.40 =…

Q: Given the following data: Selling price per unit Variable production cost per unit Fixed production…

A: Break-even point is the situation where the firm neither earns any profits nor suffers any losses.

Q: Mauro Products distributes a single product, a woven basket whose selling price is $23 per unit and…

A: Break even point (BEP): Breakeven is the point where total expenses are equal to total revenue. at…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $16 per unit and…

A: The break-even point refers to a point where the total cost is equal to the total revenue. In other…

Q: Menlo Company distributes a single product. The company’s sales and expenses for last month…

A: Hey, since there are multiple requirements posted, we will answer first three requirements. If you…

Q: Calculate the missing values. Express dollar values rounded to two decimal places and break-even…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $23 per unit and…

A: Formula: Contribution margin = sales price - variable cost Deduction of variable cost from sales…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $12 per unit and…

A: Break-even (units) = Fixed Cost / (Selling Price - Variable Cost) Break-even (dollars) = Break-even…

Q: $23,580. Required:

A: The target profit is the amount of profit that a company's managers expect to produce at the…

Q: Moon company has an average selling price of OMR 20 per unit and an average variable cost of OMR 13…

A: Selling price per unit = 20 Variable cost per unit = 13 Contribution per unit = 7 Operating income =…

Q: Dean Company has sales of $76,000, and the break-even point in sales dollars is $47,120. Determine…

A: The margin of safety is calculated as sales above break even sales.

Q: Mauro Products distributes a single product, a woven basket whose selling price is $15 per unit and…

A: Break Even Point: Break Even Point is defined as the level where there is no profit and loss. It is…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $24 per unit and…

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

Q: Mauro Products distributes a single product, a woven basket whose selling price is $14 per unit and…

A: Break-even (units) = Fixed Cost / (Selling Price - Variable Cost) Break-even (dollars) = Break-even…

Q: Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense…

A: Sales - Variable cost = Contribution margin Contribution margin - Fixed cost = Profit or (loss)…

Q: The production data and other related information of ROLLY Processing Company are presented as…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $15 and whose…

A: Contribution margin ratio is also profit-volume ratio. It helps us to estimate that what percent of…

Q: Mauro Products distributes a single product, a woven basket whose selling price is $12 per unit and…

A: Formula: Break even point in units =Fixed cost / Unit contribution margin

Concept explainers

Conversion Cycle

Conversion cycle is also known as cash cycle or net operating cycle. Conversion cycle refers to how much time a company takes to turn its investments which is done from stock or any other financial resources into cash flows from sales.

Question

Data concerning Follick Corporation's single product appear below:

Selling price per unit	$ 200.00
Variable expense per unit	$ 72.00
Fixed expense per month	$ 135,680

The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.)

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1 Explanation:

VIEW

Step 2 Solution:

VIEW

Step 3 Answer:

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $1,532,857 $429,200 $596,111 $ 150.00 $ 42.00 $ 421,200 $852,723
Frisch Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 170.00 $ 83.30 $138,720 Required: Show all calculations and formulas and present your work in good accounting form as illustrated in the lectures. a) Determine the monthly b) Determine the monthly break-even in units? break-even in dollars?
what is the dollar sales to attain that target profit is closest to Data concerning Strite Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 150.00 $ 42.00 $421,200 He Assume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your i calculations to 2 decimal places.)
Data concerning Follick Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month The break-even in monthly dollar sales is closest to: (Round your intermediate calculations to 2 decimal places.) Multiple Choice $275,720 $452,000 $226,000 $ 340.00 $ 74.80 $176,280 $176,280
Calculate Average Payables Periods For the first year, Hawkeye, Inc., has a cost goods sold of $95,318. At the end of the year, the accounts payable balance was $22,816. How long, on average, did it take the company to pay off its suppliers during the year? What might a large value for this ratio imply?
Data concerning Bedwell Enterprises Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 190.00 $ 94.50 $ 438,790 The unit sales to attain the company's monthly target profit of $25,000 is closest to: (Do not round intermediate calculations.)
Data concerning Follick Corporation's single product appear below: Selling price per unit Variable expense per unit Fixed expense per month $ 160.00 $ 64.00 $124,800 The break-even in monthly dollar sales is closest to:
Borich Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $150.00 Variable expense per unit $73.50 Fixed expense per month $308,295 The break-even in monthly unit sales is closest to: (Round your intermediate calculations to 2 decimal places.) Group of answer choices 2,055 4,030 4,194 3,426
Data concerning Bon Corporation's single product appear below: Selling price per unit $ 180.00 Variable expense per unit $ 68.40 Fixed expense per month $ 130,200 The break-even in monthly dollar sales is closest to:
A retailer ordered merchandise totaling $127,115.23 with terms 2.5%/10 net 30. What is the effective rate of return? (Simplify your answer completely. Assume there are 365 days in a year. Round your answer to one decimal place.)
Dexter, Incorporated, had a cost of goods sold of $43,921. At the end of the year, the accounts payable balance was $7,943. How long on average did it take the company to pay off its suppliers during the year? (Use 365 days a year. Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Days' sales in payables 66.00 days
The following is Cullumber Company’s income statement for the past year. Sales revenue $336,000 Cost of goods sold 134,400 Gross margin 201,600 Operating expenses 145,600 Operating income $56,000 If the company wants to sell a new product that costs $49 wholesale while keeping the same markup structure, what will be the price of the new product? (Use the gross margin percentage and round final answer to 2 decimal places, e.g. 25,124.25.) Price of the new product $enter the price of the new product in dollars rounded to 2 decimal places