FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
expand_more
expand_more
format_list_bulleted
Question
London Plastics has monthly fixed costs of $92,500, while its variable costs are $4.10 per unit. If the sales price of a unit is $14.25 and London Plastics sell 14,800 units, the company's total sales revenue will be
Question 24 options:
|
$179,080.
|
|
$150,220.
|
|
$92,500.
|
|
$210,900.
|
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
Trending nowThis is a popular solution!
Step by stepSolved in 2 steps
Knowledge Booster
Similar questions
- Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The company’s monthly fixed expense is $32,150. Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The company’s monthly fixed expense is $32,150. Required: 1. Calculate the unit sales needed to attain a target profit of $2,300. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,900. (Round your intermediate calculations to the nearest whole numbarrow_forwardK Allen's Ark sells 2,000 canoes per year at a sales price of $470 per unit. Allen's sells in a highly competitive market and uses target pricing. The company has calculated its target full product cost at $740,000 per year. Total variable costs are $250,000 per year and cannot be reduced. Assume all products produced are sold. What are the target fixed costs? OA. $940,000 OB. $200,000 OC. $250,000 OD. $490,000 GEZOSarrow_forwardLush Lawn, Incorporated produces and sells electric lawn trimmers for $150 each. The variable costs of each mower total $110 while total monthly fixed costs are $6,240. Current monthly sales are $51,000. The company is considering a proposal that will decrease the selling price by 10%, increase monthly fixed costs by 50%, and increase unit sales to 500 units per month. Required: a. Compute the company's current break-even point in units and dollars. b. What is the company's current margin of safety in units, dollars, and percentage? a. Break-even point a. Break-even sales b. Margin of safety b. Margin of safety in dollars b. Margin of safety in ratio units unit %arrow_forward
- Gladstorm Enterprises sells a product for $50 per unit. The variable cost is $34 per unit, while fixed costs are $14,560. Determine the following: Round your answers to the nearest whole number. a. Break-even point in sales units _________ units b. Break-even point in sales units if the selling price increased to $60 per unit __________ unitsarrow_forwardAnswer it as early as possible?arrow_forwardA company has monthly fixed costs of $135,000. The variable costs are $5 per unit. If the sales price of a unit is $12 and we sell 7,500 units, the company's average fixed costs per unit will be OA. $23 per unit. OB. $7 per unit. OC. $18 per unit. OD. $5 per unit.arrow_forward
- Maple Enterprises sells a single product with a selling price of $71 and variable costs per unit of $21. The company's monthly fixed expenses are $14,101. How many units will Maple need to sell in order to reach a target profit of $28,721? Round up to the nearest whole unit.arrow_forwardTrailblazer Company sells a product for $270 per unit. The variable cost is $150 per unit, and fixed costs are $576,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $224,640. a. Break-even point in sales units units b. Break-even point in sales units if the company desires a target profit of $224,640 unitsarrow_forwardGladstorm Enterprises sells a product for $46 per unit. The variable cost is $34 per unit, while fixed costs are $9,300. Determine the: Round to the nearest whole number of units. a. Break-even point in sales units b. Determine the break-even point in sales units if the selling price increased to $59 per unit unitsarrow_forward
- Blue, Inc. produces and sells a product that has a variable cost per unit of $6. The company's total fixed costs are $76,000. Blue is considering setting the sales price at $12 per unit. Approximately how many units does Blue need to sell to earn $2 net income per unit? O 17,667 O 17,850 16,000 O 19,000 None of the abovearrow_forwardSolomon company has total fixed cost of $15,000, variable cost per unit of $6, and a price of $8. If Solomon wants to earn a target profit of $3,600, how many units must be sold? 2,500 7,500 9,300 18,600 18,750arrow_forwardGladstorm Enterprises sells a product for $52 per unit. The variable cost is $37 per unit, while fixed costs are $13,770. Determine the: Round to the nearest whole number of units. a. Break-even point in sales units _ b. Determine the break-even point in sales units if the selling price increased to $64 per unit _ unitsarrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- AccountingAccountingISBN:9781337272094Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.Publisher:Cengage Learning,Accounting Information SystemsAccountingISBN:9781337619202Author:Hall, James A.Publisher:Cengage Learning,
- Horngren's Cost Accounting: A Managerial Emphasis...AccountingISBN:9780134475585Author:Srikant M. Datar, Madhav V. RajanPublisher:PEARSONIntermediate AccountingAccountingISBN:9781259722660Author:J. David Spiceland, Mark W. Nelson, Wayne M ThomasPublisher:McGraw-Hill EducationFinancial and Managerial AccountingAccountingISBN:9781259726705Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting PrinciplesPublisher:McGraw-Hill Education
Accounting
Accounting
ISBN:9781337272094
Author:WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:Cengage Learning,
Accounting Information Systems
Accounting
ISBN:9781337619202
Author:Hall, James A.
Publisher:Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis...
Accounting
ISBN:9780134475585
Author:Srikant M. Datar, Madhav V. Rajan
Publisher:PEARSON
Intermediate Accounting
Accounting
ISBN:9781259722660
Author:J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:9781259726705
Author:John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:McGraw-Hill Education