Data concerning Strite Corporation's single product appear below:Selling price per unitVariable expense per unitFixed expense per monthAssume the company's target profit is $8,000. The dollar sales to attain that target profit is closest to: (Round your intermediate calculations to 2decimal places.)Multiple Choice$1,532,857$429,200$596,111$ 150.00$ 42.00$ 421,200$852,723

Contribution Margin The amount which is determined by reducing the variable cost from the overall…

Answered: Data concerning Strite Corporation's…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter10: Inventory

Section: Chapter Questions

Problem 1PA: When prices are rising (inflation), which costing method would produce the highest value for gross...

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Multiproduct breakeven analysis and target profit, taxes Pursuit Company produces two products: Bric and Brac. The following table summarizes the products' details and planned unit sales for the upcoming period: Bric BrAc Sellingpriceperunt...........$S25$30 Variablecostperunit ... $14$17 Planned unit sales volume . . . . . . 800, 000 400,000 Pursuit Company has total fixed costs of $10 million and faces a tax rate of 30%. Required (a)What is Pursuit Company's expected profit at the planned level of sales? (b)Assuming a constant sales mix, what are the unit sales of Bric and Brac required for Pursuit Company to break even? (c) Assuming a constant sales mix, what are the unit sales of Bric and Brac required for Pursuit Company to earn an after-tax income of $910, 000 ?
Hide or show questions Progress:5/19 items Tom Company reports the following data: Sales $291,346 Variable costs 151,946 Fixed costs 57,400 Determine Tom Company's operating leverage. Round your answer to one decimal place.fill in the blank 1
Net Income Planning Nolden Company has charged a selling price of $24 per unit, incurred variable costs of $15 per unit, and total fixed costs of $108,000. What unit sales volume is necessary to earn the following related amounts of net income before income tax? a. $18,000; b. $27,000; or c. equal to 20% of sales revenue. Round UP answers to the nearest unit, when applicable. (a) 0 (b) (C) 0 0 units units units
Accounting Galla Incorporated is a competitive product market. The expected selling price is $340 per unit, and Galla’s target profit is 20% of the selling price. Using the target cost method, the highest that Galla’s cost per unit can be is: Multiple Choice $208. $192. $264. $68. $272.
Compute your total commision if you made 250,000 in sale if your company uses a variable or graduated commision as follows: 1st 100,000 3.5% 2nd 100,000 4.5% In excess of 200,000 5.5%
Profit A company charting its profits notices thatthe relationship between the number of units soldx and the profit P is linear. If 300 units sold resultsin $4650 profit and 375 units sold results in $9000profit, find the marginal profit, which is the rate ofchange of the profit.
eBook Profit-Volume Graph For the coming year, Cabinet Inc. anticipates fixed costs of $63,450, a unit variable cost of $90, and a unit selling price of $105. The maximum sales within the relevant range are $710,640. a. Determine the maximum possible operating loss.$fill in the blank 1 b. Compute the maximum possible operating profit.$fill in the blank 2 c. Construct a profit-volume graph on paper. Indicate whether each of the following levels of sales is in the operating profit area, operating loss area, or at the break-even point. 1,000 units 2,000 units 3,000 units 4,000 units 5,000 units d. What is the break-even points in units.fill in the blank 8 units
NAPOLEN SALES REVENUE IS $ 500000 , VARIABLE COST IS 20000 , FIXED C OST FOR THE YEAR IS $ 50000 SHOW THE NET PROFIT IN THE INCOME STATEMENT
Assume the following information: Selling price Variable expense ratio Fixed expenses Unit sales Multiple Choice O O How many units need to be sold to achieve a target profit of $16,900? 4,150 units 1,019 units 2,817 units Amount 6,220 units $30 80% $ 8,000 per month 3,400 per month
A company has assessed the profitability of its three products as shown here: Product A Product B Product C Total Sales (units) 3,000 5,000 2,000 10,000 £ £ Price 15.00 10.00 5.00 Variable costs 6.00 4.00 3.00 Divisible fixed costs 2.00 1.00 0.50 Non-divisible fixed costs 2.00 2.00 2.00 Profit/(Loss) 5.00 3.00 (0.50) As a result of this, it has been suggested that Product C should be dropped. All other things being equal what would be the financial impact of dropping Product C? A B Profit would increase by £1,000. Profit would increase by £2,000. Profit would fall by £3,000. C D Profit would fall by £4,000. £
Matamad Inc. Provides you with the following data on its operation for analysis:Unit selling priceP40Variable costs and expenses per unit.P30Fixed cost and expenses per annum.P48,000REQUIRED:a. Contribution margin per unitb. Contribution margin percentagec. BEP sales volume (units)d. BEP peso salese. Peso sales with desired income of P9,000f. Peso sales with desired income P13,000 after 32% income tax
Question 3: Mirbat Company's financial information is given in the table below. Year Sales (OMR) Fixed Costs 445000 500000 Variable Costs 2020 105000 245000 2021 150000 280000 You are required to calculate the following values for each year. The years are independent of each other. a) P/V ratio, b) B.E.P. c) Sales required to earn a profit of OMR 45000. d) Margin of safety at a profit of OMR 50000 e) Profit when sales are OMR. 300000.

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