Assume that Ocean King Products sells three varieties of canned seafood with the following prices and...
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Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Selling Price Variable Cost Fixed Cost Variety 1 Variety 2 Variety 3 Entire firm per Case per Month per Case $ 21 22 27 $ 17 20 18 $49,600 The sales mix (in cases) is 60 percent Variety 1, 25 percent Variety 2, and 15 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $55,315 after taxes assuming the same sales mix? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B At what sales revenue per month does the company break even? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) Break-even revenue $ 258,513 Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Variety 1 Variety 2 Variety 3 Entire firm Selling Price per Case $ 21 22 27 Variable Cost per Case Fixed Cost per Month $ 17 20 18 $49,600 The sales mix (in cases) is 60 percent Variety 1, 25 percent Variety 2, and 15 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $55,315 after taxes assuming the same sales mix? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $55,315 after taxes assuming the same sales mix? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) Sales revenue $ 702,022 Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Selling Price Variable Cost Fixed Cost Variety 1 Variety 2 Variety 3 Entire firm per Case per Month per Case $ 21 22 27 $ 17 20 18 $49,600 The sales mix (in cases) is 60 percent Variety 1, 25 percent Variety 2, and 15 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $55,315 after taxes assuming the same sales mix? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B At what sales revenue per month does the company break even? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) Break-even revenue $ 258,513 Assume that Ocean King Products sells three varieties of canned seafood with the following prices and costs. Variety 1 Variety 2 Variety 3 Entire firm Selling Price per Case $ 21 22 27 Variable Cost per Case Fixed Cost per Month $ 17 20 18 $49,600 The sales mix (in cases) is 60 percent Variety 1, 25 percent Variety 2, and 15 percent Variety 3. Required: a. At what sales revenue per month does the company break even? b. Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $55,315 after taxes assuming the same sales mix? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Suppose the company is subject to a 35 percent tax rate on income. At what sales revenue per month will the company earn $55,315 after taxes assuming the same sales mix? (Do not round intermediate calculations. Round your final answer to the nearest whole dollar.) Sales revenue $ 702,022
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Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Posted Date:
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