Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company's sells two products with budgeted selling price, variable cost, and units as shown in the table below. Additionally, the company expects annual fixed

A company\'s sells two products with budgeted selling price, variable cost, and units as shown in the table below. Additionally, the company expects annual fixed costs of $53420. The sales mix is historically very consistent and should remain so.

Product
Orange
Canary
Selling price (per unit)                                        $19.7 $30.8
Variable cost (per unit)                                       $7.62 $24.42
Units sold                                                              4205
units                                                                                    5906
 

intermediary calculations minimum precision: thousandths place

The company would like to earn a Net income of $37000.

How many total units does this company need to sell to achieve their net income goal? Answer for part 1
10315
units minimum precision: ones place
How many units does this company need to sell to achieve their net income goal?
 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To find out how many total units the company needs to sell to achieve their net income goal we first ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management for Public Health and Not for Profit Organizations

Authors: Steven A. Finkler, Thad Calabrese

4th edition

133060411, 132805669, 9780133060416, 978-0132805667

More Books

Students also viewed these Accounting questions

Question

What are the objectives of governmental financial reporting?

Answered: 1 week ago

Question

What is a lockbox system?

Answered: 1 week ago