Question

6.Flannigan Company manufactures and sells a single product that sells for $640 per unit; variable costs...

6.Flannigan Company manufactures and sells a single product that sells for $640 per unit; variable costs are $352. Annual fixed costs are $985,500. Current sales volume is $4,390,000. Compute the current margin of safety in dollars for Flannigan Company.

  • 1,647,975.
  • $2,190,000.
  • $2,200,000.
  • $3,520,530.
  • $3,076,950.
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
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...
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...
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 $208 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $208 per unit and whose total variable costs are $156 per unit. The company’s annual fixed costs are $806,000. Management targets an annual pretax income of $1,300,000. Assume that fixed costs remain at $806,000. (1) Compute the unit sales to earn the target income. Choose Numerator: / Choose Denominator: = Units to Achieve Target / = Units to achieve target (2) Compute the dollar sales to earn the target income. Choose...
Zhao Co. has fixed costs of $469,200. Its single product sells for $193 per unit, and...
Zhao Co. has fixed costs of $469,200. Its single product sells for $193 per unit, and variable costs are $125 per unit. If the company expects sales of 10,000 units, compute its margin of safety in dollars and as a percent of expected sales.
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $120 per unit. The company’s annual fixed costs are $629,000. The sales manager predicts that annual sales of the company’s product will soon reach 39,900 units and its price will increase to $199 per unit. According to the production manager, variable costs are expected to increase to $139 per unit, but fixed costs will remain at $629,000. The income tax rate is...
Blanchard Company manufactures a single product that sells for $210 per unit and whose total variable...
Blanchard Company manufactures a single product that sells for $210 per unit and whose total variable costs are $168 per unit. The company’s annual fixed costs are $575,400.
Knight Company sells a single product that has a variable cost per unit of $39 and...
Knight Company sells a single product that has a variable cost per unit of $39 and a contribution margin ration of 40%. The total fixed costs associated with this product are $841,100. Major expects to sell 41,700 units this year. What is the margin of safety in dollars?
Harmony Company sells a product for $50 per unit. Variable costs per unit are $30, and...
Harmony Company sells a product for $50 per unit. Variable costs per unit are $30, and monthly fixed costs are $ 150,000. C. Assume they achieve the level of sales required in part what is the margin of safety in sales dollars? Break Even Point in Units: 7500 Level of sales from part b: $12500
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT