Bergman Ltd has the following product information available: Sales price $12 per unit Variable costs $4 per unit Fixed costs $15,600 Units sold 10,400 How many units need to be sold in order to earn a target profit of $150,000?
Q: Which of the following about the days' sales uncollected ratio is false?
A: Days sales uncollected is a Liquidity ratio that is used to determine number of days befire…
Q: Question Content Area Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: Bramble Company is preparing its master budget for 2022. Relevant data pertaining to its sales,…
A: Budgeting - Budgeting is the process of estimating future operations based on past performance. %…
Q: Exercise 9-4 Direct Materials Variances [LO9-4] Bandar Industries Berhad of Malaysia manufactures…
A: Answer 1) Calculation of Standard quantity of kilograms of plastic allowed to make 3,600 helmets…
Q: Gotham City acquires $25,000 of inventory on November 1, 20X7, having held no inventory previously.…
A: Lets understand the basics. In consumption method of accounting, consumption is recorded at the year…
Q: The standard cost of product 777 includes 2.1 units of direct materials at $6.00 per unit. During…
A: Materials price variance = (Standard price - Actual price) x Actual quantity Materials quantity…
Q: f. Why are multiple security holdings of potentially dilutive securities ranked? why is this useful?…
A: Earnings Per Share (EPS) Earning per share is considered to be one of the important crucial tool in…
Q: Zhang incorporated her sole proprietorship by transferring inventory, a building, and land to the…
A: Assets: Assets are the economic resource of a company from which it can pay its liabilities at the…
Q: QUESTION 21 The board of directors declared a cash dividend of $1.50 per share on 42,000 shares of…
A: On payment of cash dividend $1.50 for 42000 shares the cash Balance of of company will decrease…
Q: Omar Industries manufactures two products: Regular and Super. The results of operations for 20x1…
A: Total fixed manufacturing cost = $3*13,000 + $30*3,900 = $156,000
Q: Ten out of every 32 people surveyed play Among Us. What percent of people surveyed play Among Us?
A: Among Us is a popular Game.
Q: Delicious Chocolates, Inc. has projected sales of 96,000 candles for 20Y4. The estimated January 1,…
A: budgeted production (in units) = Projected sales + Estimated ending inventory - Estimated beginning…
Q: Which of the statements below, are potential benefits arising from an assurance service? I.…
A: ASSURANCE SERVICES ARE AN INDEPENDENT EXAMINATION OF A COMPANY'S PROCESS AND CONTROLS . IT AIMS TO…
Q: Production Budget FlashKick Company manufactures and sells soccer balls for teams of children in…
A: The production budget is prepared to estimate the number of units to be produced during the period.
Q: Craigmont uses the allowance method to account for uncollectible accounts. Its year-end unadjusted…
A: Formulas: Bad debts expense = Estimated uncollectible accounts - Beginning credit balance of…
Q: The following account appears in the ledger prior to recognizing the jobs completed in January: Work…
A: GIVEN The following account appears in the ledger prior to recognizing the jobs completed in…
Q: Pratt owns
A: Section 1231 can be considered the “best of both worlds” for a taxpayer it allows the taxpayer to…
Q: Part A Phelps Corporation has two classes of share capital outstanding: $5 par ordinary and $20 par…
A: Company means the form of business where the owner are allotted shares. Journal entry means the book…
Q: Management anticipates fixed costs of $73,000 and variable costs equal 47% of sales. What will…
A: GIVEN Management anticipates fixed costs of $73,000 and variable costs equal to 47% of sales.
Q: Holiday Corp. has two divisions, Quail and Marlin. Quail produces a widget that Marlin could use in…
A: If widgets are produced in the excess capacity, only variable cost is relevant because fixed cost do…
Q: During 2018, ABC had the following cash flows: received cash of $5,000 billed to a customer in…
A: Cashflow statement shows cash position during a period of time. Cash flow statement is divided into…
Q: To record a receipt of payment in January for services not performed: $250 for February and $450 for…
A: The question is based on the concept of Financial Accounting. When any payment is received for…
Q: A business purchases a vehicle for $35,000. Since the vehicle was advertised for $40,000 the company…
A: Introduction:- Accounting principles are the rules and guidelines that companies must follow at the…
Q: gageNOWv2 | Online teachin X +…
A: Solution.. Finished goods = $326,200 Total manufacturing costs incurred = Finished goods +…
Q: Each of the following scenarios is independent. All cash flows are after-tax cash flows. Required:…
A: In case of multiple questions, we are allowed to solve only the first question. If you want other…
Q: uestion Content Area Cost of Goods Sold Budget Play-Disc makes Frisbee-type plastic discs. Each…
A: The cost of goods manufactured is the sum of the cost of direct labor used, the cost of direct…
Q: Prepare a vertical analysis schedule Here is the operating data for Yalis Cleaning, Inc.: 2021 2020…
A: Vertical analysis is the financial statement analysis used for comparing all the line items of…
Q: A company purchased land in 1950 for $10,000. Although the land is now worth $300,000 the accounting…
A: The monetary unit principle states that you only record business transactions that can be expressed…
Q: Audio-2-Go, Inc., manufactures MP3 players. Models A-1, A-2, and A-3 are small and light. They are…
A: Sales budget represents the estimated units of sales and amount of sales.
Q: A company budgets sales of $800,000 for June. The company pays a sales manager a monthly salary of…
A: Selling expenses mean the costs incurred in selling the products of the business to customer.
Q: pany is preparing its master budget for 2022. Relevant data pertaining to its sales, production, and…
A: A sales budget is a financial plan that estimates a company's total revenue in a specific time…
Q: ABC has entered into a non-cancellable purchase contract which the company to purchase 5,000 sacks…
A: The difference between committed purchase price and actual market value at end of reporting period…
Q: For a 30% interest in partnership capital, profits, and losses, Carol contributes a machine with a…
A: A partnership is a sort of business structure wherein the owners have unlimited personal liability…
Q: An entity sells inventory with a list price of P10,000 under credit terms of 20%, 10%, 2/15, n/30.…
A: Accounts receivable is the amount receivable from the customers upon credit sales. Companies will…
Q: Exeter has a materials standard of 1 pound per unit of output. Each pound has a standard price of…
A: Direct Material price variance = (Actual Material price per pound - Standard Material price per…
Q: Assume the following account balances on January 1, 2019 for a corporation. Accounts Payable $30,000…
A: Given, Beginning cash balance = $30,000 Cash receipts = $21,000 Repayment of loan = $10,000
Q: The following information is available for a company's maintenance cost over the last seven months.…
A: Lets understand the basics. In high low method, fixed cost and variable cost gets separated from…
Q: Question 5 From the following information, prepare the manufacturing, trading and profit and loss…
A: 1. Income Statement 2. Balance Sheet The first statement shows the income earned and loss incurred…
Q: The following selected information is taken from the financial statements of Arnn Company for its…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: A company earned net income of $6,000 in its first month of business and paid dividends of $1,000.…
A: Retained earnings are the balance of accumulated profit earned during the life of the business after…
Q: Griffin and Rhodes formed a partnership on January 1, 20X9. Griffin contributed cash of $120,000 and…
A: Introduction:- The following basic information as follows under:- On July 31, 20X9, the partnership…
Q: Fixed manufacturing overhead is included in product costs under: absorptions…
A: Lets understand the basics. There are two type of costing system are followed by the entity which…
Q: The Seattle Corporation has been presented with an investment opport yield end of year cash flows of…
A:
Q: 8.10 Operating Budget, Comprehensive Analysis Ponderosa, Inc., produces wiring harness assemblies…
A: What is meant by Budgeting? It is the process of forecasting future production, sales, cashflow…
Q: 17. The following balances are shown in the shareholders’ equity of Rumoosh Company on December…
A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…
Q: Which of the following would appear only in the footnotes accompanying the financial statem Oa. A…
A: In the given case a company will recognise a provision only and only if there is a present…
Q: The following balance sheets were taken from the records of Blalock Company: Blalock Company…
A: Cash flow from operating activities indicates the cash inflow or outflow transactions related to the…
Q: A company’s flexible budget for 19,000 units of production showed sales, $87,400; variable costs,…
A: Introduction:- The flexible budget is planned to change based on the level of units volume. It is…
Q: Consider the following flyer that you just received. "We have good news, Eric Moon! Your credit…
A: Annual Percentage Rate is the rate of interest that is charged yearly sum due by the lender on the…
Q: Match each item on the left to the appropriate cash flow classification on the right. (You may use…
A: Solution: While preparing cash flow statement, cash flows are categories in three categories as…
Bergman Ltd has the following product information available:
|
Sales price
|
$12 per unit
|
|
Variable costs
|
$4 per unit
|
|
Fixed costs
|
$15,600
|
|
Units sold
|
10,400
|
How many units need to be sold in order to earn a target profit of $150,000?
Step by step
Solved in 2 steps
- Total fixed cost of a product is IDR 10,000,000 and variable cost is IDR 50,000 per unit. The sale price is IDR.75,000 per unit . How much products should be produced to get BEP? Prove your answer and make a graphic. ..And If the company need profit IDR 10,000,000. How much is the sales price? Prove your answer.A company would like to determine various costs and points to aid them in deciding whether to expand or not. If you are given the following information, compute the required amounts and / or figures.Selling price / unit = P100 Variable cost / unit = P70Annual fixed cost = P500,000 Compute 5. Sales in units to earn a profit of 10% of sales.Clockmaker Ltd. makes a product called wallet. Managers from Clockmaker Ltd. want to achieve a profit of £82, 800. The wallet price equals £82 per unit. Each unit of wallet has a cost of £36 and annual total fixed costs equal £147, 200. Considering this information, which of the following statements is true? O a. To achieve the desired profit, Clockmaker Ltd. needs to sell 5, 000 units of wallet. O b. Clockmaker Ltd. would need to sell more than 3, 200 units of wallet to have positive profits. O c. Contribution per unit equals £46. O d. All the answers are true.
- Rhine Inc. make a single product with a selling price of £35 per unit. Fixed costs are £40,000 and variable costs per unit are £19. Rhine Inc. have a profit target of £15,000. How many units must be produced and sold to achieve that target?If selling price $300 per unit Variable cost $250 per unit Fixed cost $50000 Required: a) What is the breakeven point per unit? b) What is the activity level to generate a profit of $40000? c) If the company budgets to sell 5000 units of a product. Calculate the margin of safety. d) Calculate the Contribution/Sales Ratio of the product. e) Find the breakeven point in sales revenue. f) Calculate the sales revenue that is required to generate a profit of $40000.Sheffield Corp. wants to sell a sufficient quantity of products to earn a profit of $250000. If the unit sales price is $10, unit variable cost is $8, and total fixed costs are $200000, how many units must be sold to earn income of $250000? 2250000 units 100000 units 225000 units 56250 units
- If selling price $40 per unit Variable cost $25 per unit Fixed cost $45000 Required: a) What is the breakeven point per unit ? b)What is the activity level to generate a profit of $40000 c)If the company budgets to sell 5000 units of a product. Calculate the margin of safety. d) Calculate the contribution/Sales Ratio of the product. e)Find the breakeven point in sales revenue. f) Calculate the sales revenue that is required to generate a profit of $40000.If selling price $40 per unit Variable cost $25 per unit Fixed cost $45000 Required: a) What is the breakeven point per unit ? b)What is the activity level to generate a profit of $40000 c)If the company budgets to sell 5000 units of a product. Calculate the margin of safety. d) Calculate the contribution/Sales Ratio of the product. e)Find the breakeven point in sales revenue. f) Calculate the sales revenue that is required to generate a profit of $40000. NB: Please to answer question a-f seperatelyThe smith company management would like to know the total sales units that are required for the company to earn a profit of $ 150000. The following data are available. The unit selling price of $50, variable cost per unit $25. Total fixed cost of $ 500000. Find Profit in order for the Manufacturer to break even. How many units must be sold in order for the Manufacturer to break even?
- XYZ Company sells a product for $250. The variable cost is $150 per unit. The fixed costs are $300,000. The company wants to have a profit of $400,000. How many units do they have to sell to achieve this goal?FRT Company sells each unit for $ 60, variable costs for each unit $ 25, Fixed costs $ 200000 Wants to Earn $ 100000 profit, how many units to sell for earning a target profit?Kelly Company has the following data: Sales Price per unit $590 Variable Cost per unit $413 Total Fixed Costs $10,000 If the owner wants a $20,000 target profit, what would be the amount of sales reversr e tr answer to the nearest dollar.) O $42,857 O $66,667 O $100,000 O $28,571