Question

Exercise 3-8 Sandhill Recreation Products sells the Amazing Foam Frisbee for $12. The variable cost per...

Exercise 3-8 Sandhill Recreation Products sells the Amazing Foam Frisbee for $12. The variable cost per unit is $3; fixed costs are $46,000 per month. What is the annual breakeven point in units? In sales dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars. Round answers to 0 decimal places, e.g. 5,275.)

The breakeven point _________ frisbees?

The breakeven sales $_________?

How many frisbees must Sandhill sell to earn $18,000 in operating income? (Round answer to 0 decimal places, e.g. 5,275.)

__________frisbees?

What operating income must Sandhill earn to realize net income of $18,300, assuming that the company is in the 27% tax bracket? (Round answer to 0 decimal places, e.g. 5,275.)

Operating income $___________

How many frisbees must Sandhill sell to earn $18,300 in net income, assuming that the company is in the 27% tax bracket? (Round answer to 0 decimal places, e.g. 5,275.)

________ frisbees?

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
Problem 3-28 The Sheridan Company sells sports decals that can be personalized with a player’s name,...
Problem 3-28 The Sheridan Company sells sports decals that can be personalized with a player’s name, a team name, and a jersey number for $9.00 each. Sheridan buys the decals from a supplier for $2.50 each and spends an additional $0.70 in variable operating costs per decal. The results of last month’s operations are as follows: Sales revenue $13,500 Cost of goods sold 3,750 Gross profit 9,750 Operating expenses 3,200 Operating income $6,550 calculate contribution margin per unit. (Round answer...
Carla Vista Monograms sells stadium blankets that have been monogrammed with high school and university emblems....
Carla Vista Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $43 throughout the country to loyal alumni of over 3,800 schools. Carla Vista’s variable costs are 41% of sales; fixed costs are $118,000 per month. (a1) Correct answer iconYour answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 = 38%.) Contribution margin ratio % eTextbook and Media    Attempts: 2 of 12 used (a2)...
Carla Vista Monograms sells stadium blankets that have been monogrammed with high school and university emblems....
Carla Vista Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $43 throughout the country to loyal alumni of over 3,800 schools. Carla Vista’s variable costs are 41% of sales; fixed costs are $118,000 per month. (a1) Correct answer iconYour answer is correct. Calculate contribution margin ratio. (Round ratio to 2 percentage places, e.g. 0.38 = 38%.) Contribution margin ratio % eTextbook and Media    Attempts: 2 of 12 used (a2)...
Rossi Incorporated makes track suits that sell for $50 each. Actual sales are $764,000. Management estimates...
Rossi Incorporated makes track suits that sell for $50 each. Actual sales are $764,000. Management estimates that fixed costs will total $229,200 and variable costs will be $30 per unit this coming year. (a) Your answer has been saved and sent for grading. See Gradebook for score details. Calculate the break-even point in sales dollars using the contribution margin ratio. (Round contribution margin ratio to 4 decimal places, e.g. 15.2964% and final answer to 0 decimal places, e.g. 125.) Break-even...
Exercise 19-16 (Part Level Submission) Glacial Company estimates that variable costs will be 53.1 % of...
Exercise 19-16 (Part Level Submission) Glacial Company estimates that variable costs will be 53.1 % of sales, and fixed costs will total $ 710,000 . The selling price of the product is $ 3.50 . (b) Your answer is incorrect. Try again. Compute the break-even point in (1) units and (2) dollars. (Round intermediate calculation to 2 decimal places, e.g. 52.75 and final answers to 0 decimal places, e.g. 5,275.) (1) Break-even sales units (2) Break-even sales $
Exercise 3-6 Carla Vista Machine Works produces soft serve ice cream freezers. The freezers sell for...
Exercise 3-6 Carla Vista Machine Works produces soft serve ice cream freezers. The freezers sell for $16,500, and variable costs total $12,400 per unit. Carla Vista incurs $26,330,000 in fixed costs during the year. The company’s tax rate is 29%. How many freezers must Carla Vista sell to generate net income of $7,765,000? (Round answer to 0 decimal places, e.g. 5,275.) freezers
Rossi Incorporated makes track suits that sell for $50 each. Actual sales are $764,000. Management estimates...
Rossi Incorporated makes track suits that sell for $50 each. Actual sales are $764,000. Management estimates that fixed costs will total $229,200 and variable costs will be $30 per unit this coming year. (a) Your answer has been saved and sent for grading. See Gradebook for score details. Calculate the break-even point in sales dollars using the contribution margin ratio. (Round contribution margin ratio to 4 decimal places, e.g. 15.2964% and final answer to 0 decimal places, e.g. 125.) Break-even...
Cantor Products sells a product for $85. Variable costs per unit are $35, and monthly fixed...
Cantor Products sells a product for $85. Variable costs per unit are $35, and monthly fixed costs are $235,000. a. What is the break-even point in units? b. What unit sales would be required to earn a target profit of $330,000? c. Assume they achieve the level of sales required in part b, what is the degree of operating leverage? (Round your answer to 3 decimal places.)    d. If sales decrease by 30% from that level, by what percentage...
Cantor Products sells a product for $90. Variable costs per unit are $33, and monthly fixed...
Cantor Products sells a product for $90. Variable costs per unit are $33, and monthly fixed costs are $210,900. a. What is the break-even point in units? b. What unit sales would be required to earn a target profit of $513,000? c. Assume they achieve the level of sales required in part b, what is the degree of operating leverage? (Round your answer to 3 decimal places.)    d. If sales decrease by 30% from that level, by what percentage...
Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift...
Three years ago, Marissa Moore started a business that creates and delivers holiday and birthday gift baskets to students at the local university. Marissa sells the baskets for $33 each, and her variable costs are $23 per basket. She incurs $11,500 in fixed costs each year. How many baskets will Marissa have to sell this year if she wants to earn $30,400 in operating income? (Round answer to 0 decimal places, e.g. 5,275.)
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT