Nike company sells 80,000 units for $9 a unit. The fixed cost is $120,000 and the Net Income is $360,000. What should be reported as variable expenses in the CVP income statement
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- 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.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.unland Company sells 200000 units for $10 a unit. Fixed costs are $350000 and net income is $250000. What should be reported as variable expenses in the CVP income statement? O $1400000. O $1750000. D$600000. O $1650000.
- wrt disk company sells its disk for $107 per unit. total fixed cost are $197000 and variable costs are $32 per unit. calculate the number of units to be sold to earn a pretax income of $224500.Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of S90. The company's monthly fixed expenses are S180,000. A. What is the company's break-even point in units? B. What is the company's break-even point in dollars?Coronado Industries sells 50000 units for $13 a unit. Fixed costs are $350000 and net income is $100000. What should be reported as variable expenses in the CVP income statement? O $550000. O $300000. O $450000 O $200000.
- Crane Inc. had sales of $2,390,000 for the first quarter of 2022 (it sold 239,000 units). In making the sales, the company incurred the following costs and expenses. Cost of goods sold Selling expenses Administrative expenses Sales Prepare a CVP income statement for the quarter ended March 31, 2022. (Round per unit answers to 2 decimal places, e.g. 15.25.) Variable Costs Contribution Margin Fixed Costs Variable $976,000 116,000 103,000 Net Income/(Loss) Fixed $488,000 95,000 129,000 CRANE INC. CVP Income Statement For the Quarter Ended March 31, 2022 V Total $ Per Unit Percent of Sales 100 % % %W Company sells only one product with a selling price of $200 and a variable cost of $80 per unit. The company’s monthly fixed expense is $60,000. Required: A) Determine the breakeven point in units sold and sales dollars. B) Determine the breakeven point in units sold and sales dollars if the company wants a net income of $30,000. C) Determine margin of safety if current sales are $175,000.WRT Disk company sells its disks for 5107 per unit. Total fixed costs are $197.000 and variablecosts are $32 per unit Calculate the number of units to be sold to earn a pretax income of $224,500.
- A manufacturer has a monthly fixed cost of $87,500 and a production cost of $15 for each unit produced. The product sells for $20/unit. (a) What is the cost function? CX) (b) What is the revenue function? R(x) - (c) What is the profit function? Px) - (d) Compute the profit (loss) corresponding to production levels of 15,000 and 20,000 units. (Input a negative value to indicate a loss) PL1S,000)- P(20,000) =Birdsong Company's CVP income statement included fixed expenses of $176,000 when 5,000 units were sold. The unit selling price was $160 and the unit variable expenses were $96. What is the company's net income? O $144,000 O $304,000 O $800,000 O $320,000Lin Corporation has a single product whose selling price is S136 per unit and whose variable expense is $68 per unit. The company's monthly tixed expense is $31,650, Required: 1. Calculate the unit sales needed to attain a target profit of $5,750. (Do not round intermediate calculations.)