Question
1)Shipping expense is $9,000 for 8,000 kilograms shipped and $11,250 for 11,000 kilograms shipped. Assuming that this activity is within the relevant range, if the
1)Shipping expense is $9,000 for 8,000 kilograms shipped and $11,250 for 11,000 kilograms shipped. Assuming that this activity is within the relevant range, if the company ships 9,000 kilograms, its expected shipping expense would be closest to which of the following?
2)The break-even point in sales for Rice Company is $360,000, and the company's contribution margin ratio is 20%. Its income tax rate is 40%. If Rice Company desires an after-tax operating profit of $84,000, what would total sales have to be?
3)Curtis Company anticipates selling 10,000 units next year. The company wants to earn an operating income equal to 10% of sales. If variable expenses are $12 per unit, and fixed expenses total $78,000 per year, what selling price must be established to achieve the desired level of operating income?
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