Using the variable cost concept, determine the selling price per unit for 30,000 units using the following data: Variable cost per unit $15 Total fixed costs $90,000 Desired profit $150,000 Round to the nearest dollar.

Using the variable cost concept, determine the selling price per unit for 30,000 units using the following data: Variable cost per unit $15 Total fixed costs $90,000 Desired profit $150,000 Round to the nearest dollar.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Assume the following (1) sales $200,000, (2) unit sales 10,000, (3) the contribution margin ratio…

A: here the question is based on cost accounting. here we need to choose the correct option

Q: How do you compute the monthly margn of safety in dollars if the shop has a monthly target profit…

A: Given that: Target profit = $54000 Variable costs = 20% of sales Fixed costs = $18000

Q: Coor. Goed Kelly's Karts, LLC reported the following data: Sales quantity 400 units: Sales $100 per…

A: Break-even analysis is a financial and managerial accounting tool that helps businesses determine…

Q: Variable cost as a percentage of sales = 60% Unit variable cost = $30 Fixed costs = $200,000 What…

A: Break even point is an important tool used in the cost -volume -profit (CVP) analysis . Break even…

Q: Data Table %3D Sales price per unit $ 1,900 (f) $4 2,000 Variable costs per unit (a) 3,750 1,100…

A: As posted multiple independent questions we are answering only first question kindly repost the…

Q: The selling price of product is $20 with Contribution Margin Ratio 20% and Fixed Cost is $175,000.…

A: Selling price = $ 20 Contribution margin = 20% Fixed cost = $ 175,000

Q: What is the breakeven point in units when selling price per unit is $500, variable cost per unit is…

A: BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or loss.…

Q: Evaluate the quantity at which revenue equals to costs (break-even point). Assumptions: Fixed…

A: Breakeven quantity is that quantity at which total costs will be equal to total revenues. This is no…

Q: . Price per unit: $10 . Variable cost per unit: $7 . Fixed costs: $1,500 Given these data, compute…

A: Introduction: Break even units: It tells the level of sales units where there is no profit nor loss…

Q: Find the BEP in unit sales using the following details: Original selling price = 25 Variable cost…

A: Answer:- Break even point:- The break-even threshold is reached when overall costs and total…

Q: Find Break-even point If sales is 20% above breakeven volume. find profit. Draw P/V graph for Sales…

A: Answer:

Q: Given a sales price of $300 per unit, variable cost of $180 per unit, and fixed costs of $ 150,000,…

A: BREAKEVEN POINTBreak Even means the volume of production or sales where there is no profit or…

Q: Use the income statement below to answer the following questions. BASIC TRAVEL Contribution…

A: Formulas: Break even point = Fixed costs /Contribution margin per unit where, Contribution margin…

Q: Assume your product is priced at $10. The variable cost per unit is currently $5, and fixed costs…

A: The breakeven point refers to the volume of operations at which total sales revenue is equal to…

Q: If fixed costs are $17,000,000 with breakeven units at 400,000 and the variable cost is $17,000,000…

A: The Numerical has covered the concept of Break-Even Point. Break-Even Point is that point where the…

Q: sales in units (rounded to a whole number) required to realize a target profit of $200,000?

A: We know that Fixed cost remains constant irrespective of the amount of activity and variable cost…

Q: What is the break-even price?

A: It is pertinent to note that break-even point is the point where the entity does not make any profit…

Q: Sales price per unit 1,800 Variable costs per unit (a) Total fixed costs 232,200 Target profit…

Q: Sales price is $100 per unit. Unit variable cost is $40 per unit. Total fixed costs are $1,200. How…

A: when the sell is made by the company there are different cause that is incord and those cost means…

Q: If Unit Selling price = $133 Unit Variable cost = $93 Fixed costs $11,169 What is breakeven point in…

A: Calculate break-even point in units.

Q: Choose the correct letter of answer At a price of P12 the estimated monthly sales of a product is…

A: The contribution margin is calculated as difference between sales and variable costs.

Q: Assume fixed costs $825,000. Selling price = $15.25 and variable costs - $8.25. Calculate the dollar…

A: Derired profit per unit = Selling price x 11.1% = $15.25 x 11.1% = $1.69275

Q: Total fixed costs Sale price per unit Variable costs per unit $15,000 $23 $15

A: The contribution margin is calculated as the difference between sales and variable costs. The net…

Q: • Use the below information to fill out the income statement and answer the questions 4-10 below:…

A: Net income is the amount of profit or loss which is computed by deducting the costs from the total…

Q: According to following information, which of the following shows Margin of Safety (MS) as amount and…

A: Break even sale (in units)=Fixed costSale per unit-Variable cost per unit=375,000250-100=2,500

Q: Based on the following data, illustrate the break-even point by preparing a cost-volume-profit…

A: Marginal Costing - Marginal Costing is the method of computing operating profit by bifurcating…

Q: this information, what is Your Company's Your Company's expected net income when 5,000 units are…

A: Option D Or $26250 Sales (5000 × $20) $100000 Less : Variable Cost (1 - 0.35) × Sales $65000…

Q: A Sale price per unit $4 1,900 Variable costs per unit 1,425 3,750 Total fixed costs 209,000 675,000…

A: Contribution margin is calculated as difference between sales price and variable expenses. Further,…

Q: Target profit is $100,000; fix costs are $120,000 and fixe administrative costs are $50 variable…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is One of the Important Cost…

Q: If Actual sales are OMR 460000, Total Fixed costs OMR 120000, Selling price per unit OMR 50, and…

A: Martin of safety means sales revenue which is over and above break even sales revenue. Break even…

Q: Given the following, calculate break even units (enter numbers only). Price: $22.5 Fixed Cost:…

A: Contribution per unit=Sale price-Variable cost=$22.5-$5=$17.5

Q: What is the breakeven point in unit, assuming a product's selling price is $100 fixed costs are…

A: Compute the CPU as follows:

Q: Analyse cost-volume- profit analysis. Calculate and apply break - even point volume analysis.…

A: Break even point :— It is the point of production where total cost is equal to total revenue. At…

Q: A B. Number of units 1,510 units 14,390 units 2,450 units Sale price per unit 1,600 %$4 4,400 2$…

A: 1.Contribution margin =sales-variable cost 2.contribution margin per unit= contribution…

Q: Assume the following (1) selling price per unit = $30, (2) variable expense per unit = $18, and (3)…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…

Q: • Price per unit: $10 . Variable cost per unit: $7 . Fixed costs: $1,500 Given these data, compute…

A: Under Marginal costing (variable costing) contribution percentage or contribution per unit of…

Q: Blue Company developed the following information for its product:…

A: Break-even analysis is a technique widely used by the production department. It helps to determine…

Q: Find the BEP in unit sales using the following details: Original selling price = 25 Variable cost…

Q: Luna Sea Sushi, Inc. has total costs of $130,000 when it sells 40,000 units. If total fixed costs…

A: Variable cost per unit can be calculated by dividing total variable cost by total units.

Q: Assume the following (1) selling price per unit = $30. (2) variable expense per unit = $18, and (3)…

A: MARGINAL COSTING INCOME STATEMENTMarginal Costing Income Statement is one of the Important Cost…

Question

Using the variable cost concept, determine the selling price per unit for 30,000 units using the following data:

Variable cost per unit	$15
Total fixed costs	$90,000
Desired profit	$150,000

Round to the nearest dollar.

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!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Please help me with show all calculation thanku
Use the below table to answer the following questions. Selling Price = $43.00 Fixed Cost $47,200 47, 200 47,200 57, 200 57, 200 57, 200 67,200 67,200 67,200 Required Variable Cost 15 16 17 15 16 17 15 16 17 2,200 $14,400 12, 200 10,000 4,400 2,200 (5,600) (7,800) (10,000) 3,200 $42,400 39, 200 36,000 32,400 29, 200 26,000 22,400 19, 200 16,000 Sales Volume 4,200 Profitability $70,400 66, 200 62,000 60,400 56,200 52,000 50,400 46, 200 42,000 5,200 $98,400 93,200 88,000 88,400 83,200 78,000 78,400 73,200 68,000 6, 200 $126,400 120, 200 114,000 116,400 110, 200 104,000 106,400 100, 200 94,000 a. Determine the sales volume, fixed cost, and variable cost per unit at the break-even point. b. Determine the expected profit if Franklin projects the following data for Delatine: sales, 4,200 bottles; fixed cost, $47,200; and variable cost per unit, $17. c. Franklin is considering new circumstances that would change the conditions described in Requirement b. Specifically, the company has an…
Calculate the breakeven point and contribution margin. Breakeven point 38,550 units Fixed cost $ 77,100 Contribution margin Selling price per unit $ 5 Variable cost per unit 3
Calculate variable cost per unit. if fixed cost is 50000 OMR Total Variable cost 500000 OMR and the units produced is 25000 Units
Zachary Company reported the following data regarding the product it sells: 11 Sales price Contribution margin ratio Fixed costs 48 25% $336,000 Required Use the contribution margin ratio approach and consider each requirement separately. a. What is the break-even point in dollars? In units? b. To obtain a profit of $48,0000, what must the sales be in dollars? In units? c. If the sales price increases to $60 and variable costs do not change, what is the new break-even point in dollars? In units? a Break-even point in dollars Break-even point in units b. Sales in dollars Sales in units c Break-even point in dollars Break-even point in units
Develop an equation for total monthly production costs. Total Monthly Production costs = Fixed Costs + Variable Costs = _____________ + ($ per unit X Number of units) Predict total costs for a monthly production volume of 9,000 units.
Using the variable cost method of applying the cost-plus approach to product pricing, determine the selling price for 22,500 units using the following data: variable cost per unit, $15; total fixed costs, $180,000; and desired profit, $225,000. Do not round intermediate calculations. Round your answer to the nearest whole dollar.
Use the following information to determine the margin of safety in dollars: Unit sales... 50,000 Units $500,000 Dollar sales... Fixed costs. Variable costs. $204,000 $187,500
• Use the below information to fill out the income statement and answer the questions 4-10 below: Selling Price per Unit Number of Units Total Dollars Sales Revenue $40.00 Variable Costs |600,000 Contribution Margin Fixed Costs 240,000 Net Income If OPEARATING LEVERAGE is 5 4. What is Net Income ?
Assume your product is priced at $10.00. The variable cost per unit is currently S5.00, and fixed costs are $ 10.000. What is your breakeven point? C) a) 2.000 units () b) 3,000 units C c) 2.500 units d) 3,500 units
Mars Company has the following information: Total Fixed cost OMR 25000 Selling price per unit OMR 40 Variable cost per unit OMR 25, What will be the correct amount of Margin of safely at a profit of OMR 12000? Select one: O a. OMR 37000 b. OMR 30000 O c. OMR 19200 O d. OMR 32000
with sales per unit of 300, variable cost per unit of 180, Total fixed cost of 75,000 and target profit of 300,000 how do i find required sales to break even?