Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Agri Bucket company has the following financial information: Unit Sales 7 0 , 0 0 0 Revenue $ 2 , 8 0 0 , 0

Agri Bucket company has the following financial information:
Unit Sales 70,000
Revenue $ 2,800,000
Variable Costs $ 1,946,000
Contribution Margin $ 854,000
Fixed Costs $ 90,000
Operating Income $ 764,000
Net income $ 550,080
a. what is agri buckets break-even point in units?
b. what is agri buckets income-tax rate?
c. what is agri buckets margin of safety in units?
d. what must agri buckets revenue be for it to earn $750,000 in net income?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

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_2

Step: 3

blur-text-image_3

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

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan Wolcott

1st Edition

0471205494, 978-0471205494

More Books

Students also viewed these Accounting questions

Question

Explain exothermic and endothermic reactions with examples

Answered: 1 week ago

Question

Write a short note on rancidity and corrosiveness.

Answered: 1 week ago