need solution Buerhrle's CVP income statement included sales of 2,000 units, a selling price of $100, variable costs of $60 per unit, and fixedcosts of $44,000. Net income is$200,000.$80,000.$76,000.$36,000.

Step 1: Identify the given informationSales: 2,000 unitsSelling price: $100 per unitVariable costs:…

Answered: Buerhrle's CVP income statement…

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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Arm’s CVP income statement included sales of 4,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $88,000. Net income is $400,000. $160,000. $152,000. $72,000.
Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Net income is $14000. $76000. $310000. $124000.
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Simmons Corp. has a selling price of $11, variable costs of $2 per unit, and fixed costs of $24,852. Simmons net income is $44,370. How many units did Simmons sell? Round your units to nearest whole number
Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per ?unit is $6, and fixed expenses are $1,500. How much is the profit $13,500 a O $8,500 .b O $16,000 .c O $11,000 .d O $6,000 .e O
Swifty’s CVP income statement included sales of 6600 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Contribution margin is $264000. $660000. $154000. $396000.
Bramble Corp. sells 100000 units for $12 a unit. Fixed costs are $350000 and net income is $150000. What should be reported as variable expenses in the CVP income statement? $500000. $1050000. $700000. $850000.
Marigold’s CVP income statement included sales of 3100 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110000. Contribution margin is $14000. $186000. $310000. $124000.
Chelsea Company has sales of $400,000, variable costs of $10 per unit, fixed costs of $100,000, and a profit of $60,000. How many units were sold?
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.
Monster Inc. sells 100,000 for $120 a unit. Fixed costs are $300,000, and net income is $200,000. What should be reported as variable expense in CVP income statement?
P Company has provided the following data: Sales Price per unit: $50. Variable Cost per unit: $30; Fixed Cost: $135,000 Expected Sales: 20,000 units. d. Determine the margin of safety in dollars. e. If the company wants to have net income of $70,000, how many units must they sell.

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Buerhrle's CVP income statement included sales of 2,000 units, a selling price of $100, variable costs of $60 per unit, and fixed costs of $44,000. Net income is $200,000. $80,000. $76,000. $36,000.