Please do not give solution in image format thanku Question 6At current sales revenue of $800, total variable costs are $640 and total fixedcosts are $50. Your boss gave you a profit target of $150. How much do you needto sell in dollars to meet this target?$840O $1,000O not enough information -- need data on units.$250O $200

The contribution Margin is calculated as difference between sales and variable cost. The break even…

Answered: Question 6 At current sales revenue of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Assume the following: 1. selling price per unit = $25 2. variable expense per unit = $13 3. the total fixed expenses = $20,000 4. net operating income = $14,200 Given these four assumptions, unit sales must be: Multiple Choice 3,420 units. 1,200 units. 2,342 units. 2,850 units.
4.3 Break-even analysis Consider the following data: Selling price $10 per unit Variable cost $6 per unit Fixed costs $1,000 How many units need to be sold to break even? 4.4 Profit targets Using the same data as in Question 4.3, if fixed costs rise by 20% and the company need to make a profit of $350, how many units need to be sold?
Qs Let the selling Price of a product is 200$ and the variable cost is 120$ and the Fixed Cost is 120008 find: . Quantity of Break Even Point. . Break Even Point Revenues in dollar. . The number of product if the operating profitis 24000 a b. c d. The sale value if the expected profit 8000$. = 5=
le Chrome tempt.php?attempt%3D1893307&cmid%3891193&page=10 SYSTEM (ACADEMIC) Time left Company XYZ is producing and selling 2,500. At this level, the selling price per unit is $10, the variable expenses per unit is $7, and fixed expenses are $1,500.How much is the profit? O a. $13,500 O b. $8,500 О с. $411,000 d. $6,000 O e. $16,000 AGE NEXT PA - a 40) ENG rch ort sc delete home 40 num % + backspace lock R enter esned
Customer A Customer B Sales volume (units) 500 500 Price $20 $20 Total number of orders 7 10 Total number of technical support calls 2 3 Your variable cost per unit is $10. Using your ABC system, you determine that each order costs you $50 to process, and each technical support call costs you $20. What is the profit of Customer A? $4,610 $5,000 $10,000 $9,610
Ma4. Cost-Volume-Profit Problems Problem 1 Step 1: Follow the formula: Break Even Sales in Dollars = Fixed Costs in Dollars + Variable Costs as a % of Break Even Sales Step 2: Analyze the following: S = $90,000 + 60% of Sales Step 3. Solve “Step 2” (Remember to set “something” equal to “0”)
A1 fx Chapter 5: Applying Excel A В 1 Chapter 5: Applying Excel 2 3 Data 20,000 units $60 per unit $45 per unit $270,000 4 Unit sales 5 Selling price per unit 6 Variable expenses per unit 7 Fixed expenses 8 9 Enter a formula into each of the cells marked with a ? below 10 Review Problem: CVP Relationships 11 12 Compute the CM ratio and variable expense ratio 13 Selling price per unit 14 Variable expenses per unit 15 Contribution margin per unit $60 per unit 45 per unit $15 per unit 16 17 CM ratio 25% 18 Variable expense ratio 75% 19 20 Compute the break-even 18,000 units $1,080,000 21 Break-even in unit sales 22 Break-even in dollar sales 23 24 Compute the margin of safety 25 Margin of safety in dollars 26 Margin of safety percentage 120,000 10% 27 28 Compute the degree of operating leverage $ 1,200,000 900,000 300,000 $270,000 $ 29 Sales 30 Variable expenses 31 Contribution margin 32 Fixed expenses 33 Net operating income 30,000 34 35 Degree of operating leverage 10.00 36 %24
0 100 200 300 400 500 600 R(q) 0 540 1080 1620 2160 2700 3240 C(g) 695 850 1000 1090 1325 1860 2590 1. The fixed costs are dollars 2. The price charged per unit is dollars 3. At approximately what level of production q, is the profit maximized? Round your answer to the nearest 100. Answer: units
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Q5 From the following particulars you are required to calculate (a) P/V ratio and (b) Break-even point ( c) Margin of Safety Present sales OMR. 200000 Variable cost OMR. 120000 Fixed cost OMR. 40000 Also calculate the sales required to maintain the profit OMR 65000.
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Example 14: CVP Analysis Application: For example, sale price of one laptop is $500, sales revenue=500Q; Assume that expense is Y=a+bx=$80,000+300Q. We can draw two lines to assume Horizontal line (X) is the units sold Q and Vertical line (Y) is dollar sales $. We need to draw a graph using this information

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Question 6 At current sales revenue of $800, total variable costs are $640 and total fixed costs are $50. Your boss gave you a profit target of $150. How much do you need to sell in dollars to meet this target? O $840 O $1,000 O not enough information -- need data on units O $250 O $200