tutor give proper solution The following information pertains to the Lurkins Company:Sales price per unit$ 300Variable cost per unit$ 220Total fixed costs$ 5,00,000$ 1,00,000Net incomeWhat were unit sales for the company?a. 7,500b. 2,727c. 2,000d. 1,667

Step 1: Define Sales revenueSales revenue is the total income generated from selling goods or…

Answered: The following information pertains to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

The following information is for Alex Corp: Product X: Revenue Variable Cost Product Y: Revenue Variable Cost Total fixed costs $12.00 $4.50 $25.00 $10.00 $40,500 What is the operating income, assuming actual sales total 120,000 units, and the sales mix is two units of Product X and one unit of Product Y? 1,960,000 1,240,500 1,200,000 1,159,500
Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Total Per unit $ 567,100 $107.00 360,400 $ 132,500 Company B 2,500 Total 155,000 212,500 77,500 Per unit Ⓒ []
The West Bank Company has three product lines as following: A B C Total Estimated Sales in Units 25000 100000 50000 175000 SP/ unit $10 $12 $7 VC/ unit ( $5) ($8) ($4) CM/ unit $5 $4 $3 FC for company $351000 Required: What is the operating income?
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
Need help
II. George Corporation has the following information for the current year: Selling price per unit Variable costs per unit Fixed costs Required: Prepare a cost-volume-profit graph identifying the following items: Total fixed costs line Total variable costs line Total costs line Total revenues line Breakeven point in sales dollars Breakeven point in units A. B. C. D. E. F. G. H. Dollars (S) Profit area Loss area 6,000 5,000 4,000 3,000 2,000 1,000 S 10.00 6.00 S $1,000.00 0 100 200 300 400 Qty (# Units) 500
be determined using the above information Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $125; Variable costs per unit includes: Direct material $15, Direct manufacturing labor $10, Manufacturing overhead $5, and Selling costs $10; Annual fixed costs $78,000. What is the contribution margin percentage? O a. None of the given answers O b. 68% O c. 70% d. 32% e. 60% NEXT PAGE AGEVindows but Jail ENG G 4)
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. £
Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Per unit Total S 374,100 $ 87.00 249,400 $ 86,000 Company B 2,250 Total 94,500 123,750 47,250 Per unit
Mazoon Company has information on its revenue and costs is as follows: Selling price per unit $80; Variable costs per unit includes: Direct material $16, Direct manufacturing labor $8, Manufacturing overhead $8, and Selling costs $10; Annual fixed costs $96,000. What is the contribution margin percentage? Finisk a. 47.5% O b. 52.5% O c. 70% ype here to search & 7. V 3 5. 8. W. R Y. G H. V M alt ctri alt 立

10. Royal Company provides the following information about its single product. Targeted operating income $55,260Selling price per unit $6.20Variable cost per unit $4.40Total fixed cost $83,880 What is the contribution margin per unit?⦁ $0.29⦁ $10.60⦁ $1.80⦁ $4.40
Compute the missing amounts in the contribution income statement shown below: (Round "Per Unit" answers to 2 decimal places.) Company B 2,500 Number of units sold Sales Variable costs Contribution margin Fixed costs Income Company A Total Per unit $ 567,100 $ 107.00 360,400 $ 132,500 Total 155,000 212,500 77,500 Per unit

SEE MORE QUESTIONS

Recommended textbooks for you

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

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,

FINANCIAL ACCOUNTING

Accounting

ISBN:

9781259964947

Author:

Libby

Publisher:

MCG

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

SEE MORE TEXTBOOKS

The following information pertains to the Lurkins Company: Sales price per unit $ 300 Variable cost per unit $ 220 Total fixed costs $ 5,00,000 $ 1,00,000 Net income What were unit sales for the company? a. 7,500 b. 2,727 c. 2,000 d. 1,667