Question

Furniture, Inc., sells lamps for $30. The variable cost per unit is $22. Fixed cost total...

Furniture, Inc., sells lamps for $30. The variable cost per unit is $22. Fixed cost total $9600. A) What is the contribution margin per lamp? B) What is the Breakeven point in lamps? How many lamps must be sold to earn a pretax income of $8,000? D) What is the margin of safety, assuming 1,500 lamps are sold?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Cost-Volume Profit Analysis Hailstorm Company sells a single product for $22 per unit. Variable costs are...
Cost-Volume Profit Analysis Hailstorm Company sells a single product for $22 per unit. Variable costs are $14 per unit and fixed costs are $65,000 at an operating level of 7,000 to 12,000 units. a. What is Hailstorm Company's break-even point in units? ?units b. How many units must be sold to earn $12,000 before income tax? ?r units c. How many units must be sold to earn $13,000 after income tax, assuming a 35% tax rate? ? units
Jasmine Inc. sells a product for $60 per unit. Variable costs per unit are $32, and...
Jasmine Inc. sells a product for $60 per unit. Variable costs per unit are $32, and monthly fixed costs are $210,000. a. What is the break-even point in units? b. What unit sales would be required to earn a target profit of $159,600? c. Assume they achieve the level of sales required in part b, what is the margin of safety in sales dollars?
Halifax Products sells a product for $108. Variable costs per unit are $55, and monthly fixed...
Halifax Products sells a product for $108. Variable costs per unit are $55, and monthly fixed costs are $111,300. a. What is the break-even point in units? b. How many units would need to be sold to earn a target profit of $206,700? c. Assuming they achieve the level of sales required in part b, what is the margin of safety in sales dollars?
Coats R Us Inc., manufactures and sells men’s coats. Each coat sells for $150 and the...
Coats R Us Inc., manufactures and sells men’s coats. Each coat sells for $150 and the variable costs per coat is $80. The company’s fixed costs are $1,400,000. The company has an income tax rate of 50%. Compute contribution margin, contribution margin percentage, breakeven point in sales units, the revenues needed to breakeven? Coats R Us has a target monthly net income of $350,000. What is its target monthly operating income? How many coats must be sold each month to...
ABC company sold 4,000 units, had fixed cost of $500,000 and an operating income of $80,000....
ABC company sold 4,000 units, had fixed cost of $500,000 and an operating income of $80,000. Determine (1) Breakeven point in sales dollars (2) Contribution margin and contribution margin ratio is 60% (3) Selling price per unit and variable cost per unit. (4) What is the margin of safety. If the fixed cost was $300,000, what would have been the contribution margin at breakeven point.
Berkut company's variable cost per unit was $25 and a total fixed cost was $300,000. Assuming...
Berkut company's variable cost per unit was $25 and a total fixed cost was $300,000. Assuming the company sells its product for $50 per unit, what is its margin of safety if sales total $800,000 a. 16,000 units b. 25% c. 12000 units d. 1000 units
Scott Confectionery sells its Stack-o-Choc candy bar for $0.60. The variable cost per unit for the...
Scott Confectionery sells its Stack-o-Choc candy bar for $0.60. The variable cost per unit for the candy bar is $0.34; total fixed costs are $171,000. a. What is the contribution margin per unit for the Stack -O- Choc candy bar? b. What is the contribution margin ratio for the Stack -O-Choc candy bar? C. What is the breakdown point in units? In sales dollars? D. If an increase in chocalate prices causes the variable cost per unit to increase to...
ZBC, Inc. sells a single product for $10 per unit. Variable costs are $5 per unit...
ZBC, Inc. sells a single product for $10 per unit. Variable costs are $5 per unit and fixed         costs are $2,000.   A - Calculate the break-even point in units. B - How many units must be sold to earn $10,000 before income tax?
Steven Company has fixed costs of $289,518. The unit selling price, variable cost per unit, and...
Steven Company has fixed costs of $289,518. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $848 $318 $530 Y 645 345 300 The sales mix for Products X and Y is 60% and 40%, respectively. Determine the break-even point in units of X and Y. Round answers to the nearest whole number. units...
A company sells Product X for $30 per unit. The Direct Material Cost, Direct labor cost,...
A company sells Product X for $30 per unit. The Direct Material Cost, Direct labor cost, and Variable MFO costs total $21 per unit. Fixed costs to product the product are $135,000. How many units of Product X must the company sell in order to break even? What is the contribution margin ratio for product X? How many units of Product X must be sold in order for the company to earn a $50,000 profit? If the company was selling...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT