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…

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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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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?
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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)
The following information pertains to the Lurkins Company Sales price per unit $ 160 Variable cost per unit $ 110 Total fixed costs $250,000 Net income $ 50,000 Unit sales for the company must have been: Select one: O a. 1,000 O b. 1,875 O c. 2,727 O d. 6,000 diront
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. £
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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
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

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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