Question

Lindt Company sells a product to retailers for P200. The unit variable cost is P40 plus...

Lindt Company sells a product to retailers for P200. The unit variable cost is P40 plus a selling commission of 10%. Fixed manufacturing cost totals P1,250,000 per month, while fixed selling and administrative cost equals P763,600. The income tax rate is 30%. What will be the required sales to achieve an after-tax profit of P123,200?

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A company sells headbands to retailers for $5.30. The variable cost of per headband is $2.50,...
A company sells headbands to retailers for $5.30. The variable cost of per headband is $2.50, with a selling commission of 11.25% of sales. Fixed costs total $37,980. The income tax rate is 30%. What are the target sales (in number of headbands) to generate an after-tax income of $3,260?
A company sells headbands to retailers for $5.60. The variable cost of per headband is $2.80,...
A company sells headbands to retailers for $5.60. The variable cost of per headband is $2.80, with a selling commission of 12.00% of sales. Fixed costs total $40,110. The income tax rate is 30%. What are the target sales (in number of headbands) to generate an after-tax income of $3,440? 20,630 21,159 21,688 22,217 22,746
A company sells headbands to retailers for $5.50. The variable cost of per headband is $2.70,...
A company sells headbands to retailers for $5.50. The variable cost of per headband is $2.70, with a selling commission of 11.75% of sales. Fixed costs total $39,400. The income tax rate is 30%. What are the target sales (in number of headbands) to generate an after-tax income of $3,380? Question 6 options: 19,509 20,023 20,536 21,049 21,563
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 5 Direct labor 12 Variable manufacturing overhead 4 Variable selling and administrative 1 Total variable cost per unit $ 22 Fixed costs per month: Fixed manufacturing overhead $ 72,000 Fixed selling and administrative 175,000 Total fixed cost per month $ 247,000 The product sells for $51 per unit. Production and sales data for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 3 Direct labor 9 Variable manufacturing overhead 4 Variable selling and administrative 1 Total variable cost per unit $ 17 Fixed costs per month: Fixed manufacturing overhead $ 108,000 Fixed selling and administrative 166,000 Total fixed cost per month $ 274,000 The product sells for $53 per unit. Production and sales data for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 5 Direct labor 11 Variable manufacturing overhead 2 Variable selling and administrative 3 Total variable cost per unit $ 21 Fixed costs per month: Fixed manufacturing overhead $ 144,000 Fixed selling and administrative 160,000 Total fixed cost per month $ 304,000 The product sells for $47 per unit. Production and sales data for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 3 Direct labor 12 Variable manufacturing overhead 2 Variable selling and administrative 3 Total variable cost per unit $ 20 Fixed costs per month: Fixed manufacturing overhead $ 72,000 Fixed selling and administrative 172,000 Total fixed cost per month $ 244,000 The product sells for $53 per unit. Production and sales data for July and August, the first...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable...
Denton Company manufactures and sells a single product. Cost data for the product are given: Variable costs per unit: Direct materials $ 5 Direct labor 12 Variable manufacturing overhead 4 Variable selling and administrative 1 Total variable cost per unit $ 22 Fixed costs per month: Fixed manufacturing overhead $ 72,000 Fixed selling and administrative 175,000 Total fixed cost per month $ 247,000 The product sells for $51 per unit. Production and sales data for July and August, the first...
Holly Inc. sells a single product for $230. Variable costs include $115 for each unit plus...
Holly Inc. sells a single product for $230. Variable costs include $115 for each unit plus a 8% sales commission. Fixed costs are $205,800 per month. a. What is the contribution margin percentage? (Round final answer to 2 decimal places.) b. What is the breakeven sales revenue? (Round final answer to the nearest whole dollars.) c. What sales revenue is needed to achieve a $276,000 per month profit? (Round final answer to the nearest whole dollars.)
A company produces and sells a product. The unit variable cost is $51 and the unit...
A company produces and sells a product. The unit variable cost is $51 and the unit selling price is $74. The fixed cost associated with the product is $147,255 per year. The company must produce and sell ___________ units per year in order to generate an income (or profit) $77,325 per year.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT