Question

Net Income Planning Night Hawk Corporation sells a single product for $150 per unit, of which...

Net Income Planning Night Hawk Corporation sells a single product for $150 per unit, of which $60 is contribution margin. Fixed costs total $240,000 and net income before income tax is $54,000.

Round UP unit answers to the nearest unit, when applicable.

Determine the following
a. The present sales volume in dollars. $Answer


b. The break-even point in units. Answer units
c. The sales volume in units necessary to attain a net income before income tax of $75,000. Answer units
d. The sales volume in units necessary to attain a net income before income tax equal to 10% of sales revenue. Answer units
e. The sales volume in units necessary to attain an after-tax net income of $54,000 if the tax rate is 20%. Answer units

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
Blanchard Company manufactures a single product that sells for $110 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $110 per unit and whose total variable costs are $88 per unit. The company’s annual fixed costs are $308,000. (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Amount Percentage of sales Sales Variable costs Contribution margin Fixed costs Net income Sales Variable costs Contribution margin Fixed costs Net income % Sales Variable costs Contribution margin Fixed costs...
Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $100 per unit and whose total variable costs are $76 per unit. The company’s annual fixed costs are $338,400. (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Amount Percentage of sales % Sales Variable costs Contribution margin Fixed costs $ (2) Assume the company’s fixed costs increase by $126,000. What amount of sales (in dollars) is needed...
Blanchard Company manufactures a single product that sells for $240 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $240 per unit and whose total variable costs are $192 per unit. The company’s annual fixed costs are $734,400. (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point. (2) Assume the company’s fixed costs increase by $138,000. What amount of sales (in dollars) is needed to break even? BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Amount Percentage of...
Gannon Company sells a single product for $15 per unit. Variable costs are $10 per unit...
Gannon Company sells a single product for $15 per unit. Variable costs are $10 per unit and fixed costs are $180,000 at an operating level of 16,000 to 30,000 units. a. What is Gannon Company's break-even point in units?answer b. How many units must be sold to earn $20,000 before income tax? answer c. How many units must be sold to earn $30,000 after income tax, assuming a 40% tax rate? Answer
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?
Scrushy Company sells a product for $150 per unit. The variable cost is $110 per unit,...
Scrushy Company sells a product for $150 per unit. The variable cost is $110 per unit, and fixed costs are $200,000. Determine (a) the break-even point in sales units and (b) the break-even point in sales units if the company desires a target profit of $50,000. a. Break-even point in sales units b. Break-even point in sales units if the company desires a target profit of $50,000
1. Wang Co. manufactures and sells a single product that sells for $540 per unit; variable...
1. Wang Co. manufactures and sells a single product that sells for $540 per unit; variable costs are $324 per unit. Annual fixed costs are $836,000. Current sales volume is $4,290,000. Compute the contribution margin per unit. 2. A firm expects to sell 24,800 units of its product at $10.80 per unit and to incur variable costs per unit of $5.80. Total fixed costs are $68,000. The total contribution margin is: 3. McCoy Brothers manufactures and sells two products, A...
Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue...
Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $285,000 and its net operating income was $45,500. If fixed expenses totaled $97,000 for the year, the break-even point in unit sales was: Multiple Choice Top of Form 14,250 units 7,125 units 16,525 units 9,700 units Bottom of Form
Frisch Corporation produces and sells a single product. Data concerning that product appear below: Selling price...
Frisch Corporation produces and sells a single product. Data concerning that product appear below: Selling price per unit $ 170 Variable expense per unit $ 83.30 Fixed expense per month $ 138,720 Required: Given the present situation, compute a. The break-even sales in units. b. The break-even sales in dollars. c. The sales in units that would be required to produce a net operating income of $90,000. (1 Mark) d. The margin of safety in dollars if the company’s actual...
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