FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Benson Company incurs annual fixed costs of $54,160. Variable costs for Benson's product are $34 50 per unit, and the sales price is $50.00 per unit. Benson desires to earn an annual profit of $50,000 Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit Note: Do not round intermediate calculations. Round your final answers to the nearest whole number. Sales in dollars Sales volume in units
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Transcribed Image Text:Benson Company incurs annual fixed costs of $54,160. Variable costs for Benson's product are $34 50 per unit, and the sales price is $50.00 per unit. Benson desires to earn an annual profit of $50,000 Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit Note: Do not round intermediate calculations. Round your final answers to the nearest whole number. Sales in dollars Sales volume in units
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Step 1: Introduce to net income
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Step 2: Working for contribution margin ratio
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Step 3: Working for required sales
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