FORCE Company is planning to market 300,000 units of Product X. The fixed costs are P600, 000 and the variable costs are 60% of the selling price. REQUIRED: Compute the selling price per unit if the company expects to earn a profit of P120, 000 on its planned sales.
Q: Kirsten belleves her company's overhead costs are driven (affected) by the number of direct labor…
A: Overhead is applied to the production cost on the basis of various activity cost pools like direct…
Q: On January 1, 2016, Knorr Corporation issued $1,400,000 of 6%, 5-year bonds dated January 1, 2016.…
A: Bonds payable is the long term liability for an organization. By issuing bonds payable the…
Q: are the cash flows that two different products would bring in years one through four. For each of…
A: Payback period is the total period in which a company can recover its total cost or expenses which…
Q: Exercise 15-21 (Algorithmic) (LO. 3, 4) In 2021, Henry Jones (Social Security number 123-45-6789)…
A: Note : QBI = (Income - Standard deduction) * 20%
Q: ! Required information [The following information applies to the questions displayed below.] These…
A: Variable costs are those costs which changes with changes in volume. Fixed costs are those costs…
Q: During its first year of operations, Connor Company paid $26,310 for direct materials and $18,100 in…
A: Production cost includes all expenses paid for production it means these cost are directly related…
Q: What direct labor costs are likely to be incurred in the production of gummy bears
A: Direct labor costs refer to those labor costs that are involved directly with the manufacturing of a…
Q: Sing Manufacturing Company is considering an opportunity to outsource a four function calculator…
A: “Since you have asked multiple question, we will solve the first complete question for you. If you…
Q: Assume the following information for Western Sales, Inc Common Stock, $1.00 par, 206,000 shares…
A: Outstanding share can be calculated by deducting treasury stock from total share . briefly…
Q: Calculate cost of goods sold using the following information under the LIFO method of inventory:…
A: LIFO Method :— It is one of the method of inventory valuation in which it is assumed that recent or…
Q: The Cloud Burst Sprinkler Company of Benicia, California has been manufacturing and selling a water…
A: Incremental analysis It is a decision-making technique used in the business to calculate the true…
Q: Problem 8-79A (Algorithmic) Warranties Mason Auto Repair specializes in the repair of foreign car…
A: Warranty expense It is a expense related to the repair or replacement to a user for any product…
Q: Navigator sells GPS trackers for $60 each. It expects sales of 5,200 units In quarter 1 and a 5%…
A: Sales price per unit = $60 Sales units Quarter 1 = 5,200 Quarter 2 = Quarter 1 * 105% Quarter 3…
Q: Using the following accounts and balances, prepare the "Stockholder's Equity" section of the balance…
A: Stockholder's equity section is a part of balance sheet consist of Capital contributed by…
Q: please answer questions 4, 5, 6, and 7
A: As per bartleby guidelines if a student asked multiple sub-questions in the primary question then we…
Q: Month January February March April May June July August September October November December…
A: Mixed-cost problems are solved using the High -Low-cost method. Variable and fixed costs are…
Q: A debit balance in a company's Pension Asset/Liability account implies that the company has funded…
A: The Pension Asset/Liability account is used to track the funded status of a company's defined…
Q: Columbus Industries makes a product that sells for $30 a unit. The product has a $22 per unit…
A: Break Even Point :— It is the point of production where total cost is equal to total revenue. At…
Q: Midshipmen Company borrows $18,000 from Falcon Company on July 1, 2024. Midshipmen repays the amount…
A: The notes are used to borrow money, it is a type of agreement where the borrower makes a promise to…
Q: +Book 4D HM Ask Prim References Exercise 2-24 (Algo) Computing net income LO P1 A company had the…
A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…
Q: Suppose a college football coach makes a base salary of $2,400,000 a year ($200,000 per month).…
A: The Internal Revenue Service (IRS) is in charge of collecting federal taxes in the United States.…
Q: Determine the future value of the following single amounts (FV of $1. PV of $1. FVA of $1. PVA of…
A: Future Value Is The Amount That An Asset Will Be Worth As Of Future Date. Based On Rate Of Interest.…
Q: TB MC Qu. 8-90 (Algo) In January 2024, Summit Department... In January 2024, Basu Department Store…
A: Financial statements are defined as the records that are prepared by the business entities as per…
Q: Canfield Technical School allocates administrative costs to its respective departments based on the…
A: Cost Accounting is a process of identification, classification, measurement, and assignment of costs…
Q: Woodland Wearables produces two models of a smart watch, the Basic and the Flash. The watches have…
A: Break Even Point :— It is the point of production where total cost is equal to total revenue. At…
Q: In 2024, Bramble Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares…
A: Earnings per share measures the amount of a company's net income that can be attributed to…
Q: Fitzgerald Corp. reports pretax accounting income of $210,000, but because of a single temporary…
A: The difference between an asset or liability's value on the balance sheet after the accounting basis…
Q: 1 Book Pret b s Affordable Electronics Inc. manufactures medium-quality, reasonably priced wireless…
A: Direct labor cost variance :— It is the difference between standard direct labor cost for actual…
Q: The owners of Blossom de Trois-Rivières hockey club are considering a deal with an older,…
A: Net present value is the net sum of all discounted cash inflows and outflows of a project or…
Q: Exercise 6-5 (Algo) Performance obligations [LO6-2, 6-4, 6-5] On March 1, 2021, Gold Examiner…
A:
Q: Required information [The following information applies to the questions displayed below.] Hulme…
A: Journal entries are used to record accounting transactions under double entry accounting system with…
Q: Flint Company uses flexible budgets to control its selling expenses. Monthly sales are expected to…
A: A flexible budget is one that can be altered in response to changes in income and costs over time.…
Q: At the beginning of the year, Golden Gopher Company reports a balance in Supplies of $330. During…
A: The journal entries are prepared to record the transactions on regular basis. The adjustment entries…
Q: The Thompson Corporation, a manufacturer of steel products, began operations on October 1, 2022. The…
A: Depreciation is an accounting technique for distributing a tangible or fixed asset's cost over its…
Q: rying about the choice of an overhead allocation base is a waste of time. In the end, all the…
A: Overhead expenses are those expenses which are not directly related to the production and these are…
Q: Questions You are required to have regard to the ERP 2007 and the ERP Amendment Act 2015 in…
A: The following scenario revolves around the workers of a manufacturing company who are facing…
Q: Often lottery winnings are divided into equal payments given annually for 20-25 years. So the…
A: The anticipated financial amounts from an investment are discounted to the present so as to…
Q: Ayayai Limited owns 90% of Blossom Inc. During 2023, Ayayai acquired a machine from Blossom in…
A: Based on the information provided, we can use the related party decision tree to determine the…
Q: On January 1, 2024, Coney Island Entertainment issues $1,500,000 of 6% bonds, due in 10 years, with…
A: Issue price of bonds means the price at which the bonds are issued by the entity in the market. This…
Q: Required information [The following information applies to the questions displayed below] Sparrow…
A: According to the retail inventory accounting technique, the opening stock, purchases, and closing…
Q: If you were John Glaser, what would you do? Why? How will you measure the risks and rewards?…
A: Replacement cost of inventory is the cost that company needs to pay to purchase the item…
Q: Fighting Irish
A: An adjusting entry is an entry that occurs at the end of an accounting period to record…
Q: When the bank reconciliation is being completed, Deposits in Transit would be: Added to the Bank…
A: Lets understand the basics. Bank reconciliation is as name suggest reconcile the balance as per bank…
Q: Balance Sheet June 30th, Year 5 Assets Cash 10,000 Accounts receivables 34,000 Inventory Prepaid…
A: As per bartleby guidelines if a student asked multiple sub-questions in the primary question then we…
Q: what are the similiarities between manual accounting cycle and computer accounting cycle?
A: The accounting cycle refers to a process that is used for the acceptance, recording, and credit of…
Q: The partner's capital (profit and loss ratio in parentheses) of Ben, Donny. Lucky, and Ronnie on…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: Primara Corporation has a standard cost system in which it applies overhead to products based on the…
A: Fixed overhead is the cost which signifies the cost that do not change with the change in the…
Q: When completing the bank reconciliation, Bank Service Charges would be: Subtracted from the Cash…
A: A bank reconciliation statement is a summary of cash balance as per Bank and as per Books that…
Q: A corporation has the following taxable income in its first 5 years of operations: Tax year Taxable…
A:
Q: The journal entries accompanying a cash dividend occur on:
A: A dividend is a distribution of a portion of a company's earnings to its shareholders. It is…
show your complete computation
Step by step
Solved in 4 steps
- Schylar Pharmaceuticals, Inc., plans to sell 130,000 units of antibiotic at an average price of 22 each in the coming year. Total variable costs equal 1,086,800. Total fixed costs equal 8,000,000. (Round all ratios to four significant digits, and round all dollar amounts to the nearest dollar.) Required: 1. What is the contribution margin per unit? What is the contribution margin ratio? 2. Calculate the sales revenue needed to break even. 3. Calculate the sales revenue needed to achieve a target profit of 245,000. 4. What if the average price per unit increased to 23.50? Recalculate: a. Contribution margin per unit b. Contribution margin ratio (rounded to four decimal places) c. Sales revenue needed to break even d. Sales revenue needed to achieve a target profit of 245,000123 INC. is planning to market 300,000 units of Product X. The fixed costs are P600,000 and the variable costs are 60% of the selling price.Question:Compute the selling price per unit if the company expects to earn a profit of P120,000 on its planned sales.Page 3.1 NUBD Co. is planning to market 300,000 units of Product X. The fixed costs are P600,000 and the variable costs are 60% of the selling price. Compute the selling price per unit if the company expects to earn a profit of P120,000 on its planned sales.
- Product X sells P25 per unit and has related variable costs of P20 per unit. The fixed costs of producing Product X are P40,000 per month. How much should be the sales of product X to earn an operating income of P80,000? P 24,000 P 120,000 P 200,000 P 600,000 Group of answer choices 1 2 3 4NUBD Company is planning to produce two products, X and Y. NUBD is planning to sell 100,000 units of X at P4 per unit and 200,000 units of Y at P3 per unit. Variable costs are 70% of sales for X and 80% of sales for Y. In order to realize a total profit of P160,000, total fixed costs would be A. P80,000 B. P90,000 C. P420,000 D. P600,000PROBLEM 6. After its cost structure (variable costs P15 per unit and monthly fixed costs of P125,000),as well as potential market, Babaero Company established what it considered to b a reasonable selling price. The company expected to sell 20,000 units per month and planned its monthly results as follows: Sales @P25 Less: Variable costs @P15 Contribution margin P500,000 [300,000) 200,000 (125,000) 75,000 ( 30,000) P 45,000 Less: Fixed costs Income before taxes Less: Income taxes Net incom 7. If the company wants an after-tax profit of P60,000 on its expected sales volume of 20,000 units, what price must it charge? 8. The company is considering offering its salespeople a 5% commission on sales. What would the total sales, in pesos, have to be in order to implement the commission plan and still earn the planned before-tax income of P75,000? 9. If the company wants its before tax profit higher than the planned P75,000 by P15,000, compute the required increase in peso sales.
- PROBLEM 6. After its cost structure (variable costs P15 per unit and monthly fixed costs of P125,000),as well as potential market, Babaero Company established what it considered to b a reasonable selling price. The company expected to sell 20,000 units per month and planned its monthly results as follows: Sales @P25 Less: Variable costs @P15 Contribution margin P500,000 [300,000) 200,000 (125,000) 75,000 ( 30,000) P 45,000 Less: Fixed costs Income before taxes Less: Income taxes Net income 4. If the company wants a 20% before-tax return on sales, what level of sales, in pesos, does it need? 5. If the company wants a P60,000 after-tax profit, how many units must it sell? 6. If the company wants an after-tax return on sales of 10.5%, how many units must it sell?PAGE 1.1 NUBD Co. plans to market a new product. Based on its market studies. It estimates that it can sell 70,000 units in 2021. The selling price per unit is P2.00. Variable cost ratio is 40% of sales. Fixed costs are estimated to be P60,000. A.Compute the break-even point in units. B.Compute the break-even point in sales pesos.Marigold Corp. has fixed costs of $2200000 and variable costs are 20% of sales. What are the required sales if Marigold desires net income of $200000? $12000000 $2750000 $11000000 $3000000
- PROBLEM 6. After its cost structure (variable costs P15 per unit and monthly fixed costs of P125,000),as well as potential market, Babaero Company established what it considered to be a reasonable selling price. The company expected to sell 20,000 units per month and planned its monthly results as follows: Sales @P25 Less: Variable costs @P15 Contribution margin Less: Fixed costs P500,000 (300,000) 200,000 (125.000) 75,000 Income before taxes ( 30,000) P 45,000 Less: Income taxes Net income Requirements: On the basis of the preceding information, answer the following independent questions. 1. What is the break-even point in units? If the company determined that a particular advertising campaign had a high probability of increasing sales by 8,000 units, how much could it pay for such a campaign without reducing its planned profits? 3. If the company wants a P90,000 before-tax profit, how many units must it sell? 2The selling price of a particular product is $37.00 per unit, fixed costs total $225,600, and the breakeven sales in dollars is $940,000, what will the variable expense per unit be? Question 4 options: $117.17 $28.12 $8.88 $45.88NUBD Company is planning to produce two products, X and Y. NUBD is planning to sell 100,000 units of X at P4 per unit and 200,000 units of Y at P3 per unit. Variable costs are 70% of sales for X and 80% of sales for Y. In order to realize a total profit of P160,000, total fixed costs would be P80,000 P90,000 P420,000 P600,000
