Question

In: Accounting

Q1. Hunter Corporation sells a unique product with the following information available: Sales price $116 per...

Q1. Hunter Corporation sells a unique product with the following information available:

Sales price $116 per unit

Variable costs $55 per unit

Fixed costs $2,879

The tax rate is 30%

How many units need to be sold to earn a profit after tax of $10,000?

If the sales price increases by 15% what is the new break-even point?

Q2.

A business sells one product with a price of $11 and a variable cost per unit of $5. The fixed costs for the business are $23,383, and the tax rate is 30%.

If the business sells 1,987 units, what is the total contribution margin?

Q3.

A business sells one product with a price of $51 and a variable cost per unit of $32. The fixed costs for the business are $13,105, and the tax rate is 30%.

If the business sells 7,307 units, what is the profit after tax?

can you guy show me calculation in detail, please

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

The following information is available for Pioneer Company: Sales price per unit is $110. November and...
The following information is available for Pioneer Company: Sales price per unit is $110. November and December, sales were budgeted at 3,040 and 3,530 units, respectively. Variable costs are 12 percent of sales (4 percent commission, 3 percent advertising, 5 percent shipping). Fixed costs per month are sales salaries, $5,300; office salaries, $2,300; depreciation, $2,400; building rent, $3,700; insurance, $1,700; and utilities, $900. Required: Determine Pioneer's budgeted selling and administrative expenses for November and December. Citrus Girl Company (CGC) purchases...
Brunswick Corporation sells bowling balls and has developed the following information:        Sales price                    
Brunswick Corporation sells bowling balls and has developed the following information:        Sales price                                    $60 per unit        Variable cost of goods sold                    $26 per unit        Fixed cost of goods sold                       $500,000        Variable operating expenses                    $1,000,000        Fixed operating expenses                       $650,000      For the year ended December 31, 2018, Brunswick Corporation produced and      sold 100,000 bowling balls.      Instructions-***SHOW ALL COMPUTATIONS OR NO CREDIT GIVEN**** Prepare a detailed CVP income statement using the contribution margin format for...
The following information is available for Keller Corporation's new product line: Selling Price per unit: $15...
The following information is available for Keller Corporation's new product line: Selling Price per unit: $15 Variable Manufacturing costs per unit of production : $8 Total annual fixed manufacturing costs : $25,000 Variable administrative costs per unit of production : $3 Total annual fixed selling and administrative expenses : $15,000 There was no inventory at the beginning of the year. During the year 12,500 units were produced and 10,000 units were sold. a) Determine the cost of ending inventory, assuming...
The company sells a single product at a price of $60 per unit. The estimated sales...
The company sells a single product at a price of $60 per unit. The estimated sales volume for the next six months is as follows: September October . . November December January . . February. . 13,000 units 12,000 units 14,000 units 20,000 units 9,000 units 10,000 units All sales are on account. The company’s collection experience has been that 32% of a month’s sales are collected in the month of sale, 64% are collected in the month following the...
Q 3   Ibrahim Corporation produces and sells a product A with a price of $30 per...
Q 3   Ibrahim Corporation produces and sells a product A with a price of $30 per unit and variable costs of $12 per unit. Total fixed costs are $7,000. a.   Calculate Ibrahim Compagny’s contribution margin per unit. b.   How many units must Ibrahim Compagny sell to break even? c. You are manager in Ibrahim Corporation. Explain what assumptions and limitations you should consider when using CVP analysis? plz don't put the answer in photos
The following information is available for Henderson Components for the year just ended. Sales price $...
The following information is available for Henderson Components for the year just ended. Sales price $ 55 Fixed costs (for the year) Selling and administrative 451,200 Production 676,800 Variable cost (per unit) Materials 14 Labor 10 Plant supervision 7 Selling and administrative 11 Number of units (for the quarter) 225,600 units Required: Select the answer for each of the following costs. a. Variable cost per unit. b. Variable production cost per unit. c. Full cost per unit. d. Full absorption...
The following information is available for Redwood Corporation for a sales volume of 500 stereo speakers...
The following information is available for Redwood Corporation for a sales volume of 500 stereo speakers for the past month: Total Per Unit Sales $112,500 $225 Less: Variable expenses 40,000 80 Contribution margin $ 72,500 $145 Less: Fixed expenses $ 17,500 Net operating income $ 55,000 If sales increase by $51,750, net income will increase by what amount? Select one: A. $33,350 B. $30,000 C. $20,000 D. $22,000
ABC Company manufactures and sells a single product. The following information is available concerning the operations...
ABC Company manufactures and sells a single product. The following information is available concerning the operations for 1999. a. The company's single product sells for $60 per unit. Budgeted sales in units for the next four quarters are: 1999    Quarter 1        3,000 Budgeted sales in units 1999    Quarter 2        3,500 Budgeted sales in units                1999    Quarter 3        4,000 Budgeted sales in units 1999    Quarter 4        4,500 Budgeted sales in units 2000...
ABC Company manufactures and sells a single product. The following information is available concerning the operations...
ABC Company manufactures and sells a single product. The following information is available concerning the operations for 1999. a. The company's single product sells for $60 per unit. Budgeted sales in units for the next four quarters are: 1999 Quarter 1 3,000 Budgeted sales in units 1999 Quarter 2 3,500 Budgeted sales in units 1999 Quarter 3 4,000 Budgeted sales in units 1999 Quarter 4 4,500 Budgeted sales in units 2000 Quarter 1 5,000 Budgeted sales in units b. Sales...
ABC Company manufactures and sells a single product. The following information is available concerning the operations...
ABC Company manufactures and sells a single product. The following information is available concerning the operations for 1999. a. The company's single product sells for $60 per unit. Budgeted sales in units for the next four quarters are: 1999   Quarter 1       3,000 Budgeted sales in units 1999   Quarter 2       3,500 Budgeted sales in units 1999   Quarter 3       4,000 Budgeted sales in units 1999   Quarter 4       4,500 Budgeted sales in units 2000   Quarter 1       5,000 Budgeted sales in units b. Sales are collected in the following pattern: 80% in the quarter...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT