Hudson Co. reports the contribution margin income statement for 2019 below. Using this information, compute HudsonCo.s (1)

Question:

Hudson Co. reports the contribution margin income statement for 2019 below. Using this information, compute HudsonCo.’s

(1) Break-even point in units

(2) Break-even point in sales dollars.

Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each)..... $2,160,000 V

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Fundamental Accounting Principles

ISBN: 978-1259916960

24th edition

Authors: John J Wild, Ken Shaw

See More Books

Question Posted: Jul 11, 2019 07:52 AM

See More Questions

Refer to the information in Exercise 21-16. 1. Assume Hudson Co. has a target pretax income of $162,000 for 2020. What amount of sales (in dollars) is needed to produce this target income? 2. If...
Astro Co. sold 20,000 units of its only product and incurred a $50,000 loss (ignoring taxes) for the current year, as shown here. During a planning session for year 2020s activities, the production...
On December 31, 2019, Dare Corporation had outstanding 8%, $2,000,000 face value convertible bonds maturing on December 31, 2023. Interest is payable annually on December 31. Each $1,000 bond is...
Using Table 1.6, write a structural formula for each of the following: a. An alcohol, C3H8O b. An ether, C4H10O c. An aldehyde, C3H6O d. A ketone, C3H6O e. A carboxylic acid, C3H6O2 f. An ester,...
A large sponge has forces of magnitude 12 N applied in opposite directions to two opposite faces of area 42 cm2 (see Fig. 10.7 for a similar situation). The thickness of the sponge (L) is 2.0 cm. The...
All of the following assets are capital assets, except: a. A personal automobile b. IBM stock c. A childs bicycle d. Personal furniture e. Used car inventory held by a car dealer
Journalize and post transactions using special journals. (p. E-8) AppendixLO1
a. Freds Hardware and Hobby House expects its sales to increase at a constant rate of 8 percent per year over the next three years. Current sales are $100,000. Forecast sales for each of the next...
Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month January February March April June...
Wilbert Heikkila listed eight parcels of real property for sale. David McLaughlin submitted written offers to purchase three of the parcels. Three printed purchase agreements were prepared and...
Zhao Co. has fixed costs of $354,000. Its single product sells for $175 per unit, and variable costs are $116 per unit. The company expects sales of 10,000 units. Prepare a contribution margin income...
Refer to the information in Exercise 21-16. The marketing manager believes that increasing advertising costs by $81,000 in 2020 will increase the companys sales volume to 11,000 units. Prepare a...
Erickson Air is a large airline company that pays a customer relations representative $8,000 per month. The representative, who processed 3,000 customer complaints in January and 2,500 complaints in...
10.) Steam enters a well-insulated turbine at 6 MPa, 400C and expands to 200 kPa, saturated vapor at a rate of 10 kg/s. (a) Draw a schematic of the process (5 pts). (b) Determine the exergy...
4. [8 marks] The tides in the Bay of Fundy are some of the largest in the world. The height, h(t), of the tide in meters after t hourse can be modeled by 39 h(t) = 25 con (77) + 30 4 COS 6 (a) What...
Wolfe, Inc. had credit sales for the period of $144,000. The balance in Allowance for Doubtful Accounts is a debit of $653. If Wolfe estimates that 2% of credit sales will be uncollectible, what is...
Water at 20C is to be pumped from a reservoir (ZA = 5 m) to another reservoir at a higher elevation (ZB = 13 m) through two 36-m- long pipes connected in parallel as shown. The pipes are made of...
Delph Company uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that 53,000 machine-hours would...
A payday lender charges $60 for a loan of $500 for 15 days. Find the annual interest rate. (Use a 360-day year.)
Represent each of the following combination of units in the correct SI form using an appropriate prefix: (a) m/ms, (b) k m, (c) k s /mg, and (d) k m N.
Boondocks Gumbo is a locally owned restaurant in Houston, Texas, with eight locations. The owner recently developed a new recipe for the restaurants signature gumbo dish. The owner decided to try out...
When would a U.S. company record a foreign currency exchange gain or loss?
Pryor Corp. owns 100% of the common stock of Stark Inc. Pryor Corp.s investment in Stark Inc. is recorded in its ledger as Investment in Stark Inc. with a debit balance of $11,150,000. The...
Suppose the S&P 500 currently has a level of 960. One contract of S&P 500 index futures has a size of $250 S&P 500 index. You wish to hedge an $800,000-portfolio that has a beta of 1.2. (A)In order...
Exhibit 4.1 The balance sheet and income statement shown below are for Koski Inc. Note that the firm has no amortization charges, it does not lease any assets, none of its debt must be retired during...
Haley is 57 years of age. She is planning for future long-term care needs. She knows that yearly nursing home costs in her area are currently $69,000, with prices increased by 5 percent annually....

Hudson Co. reports the contribution margin income statement for 2019 below. Using this information, compute HudsonCo.s (1)

Question:

Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (9,600 units at $225 each)..... $2,160,000 Variable costs (9,600 units at $180 each). 1,728,000 Contribution margin .... 432,000 Fixed costs 324,000 $ 108,000 Pretax income..

Step by Step Answer:

1 Breakeven in units Fixed costs Contribution ma...View the full answer

Fundamental Accounting Principles

Students also viewed these Business questions