Question
Assume the following information that is provided for Clear View, Inc. Total Sales Revenue $ 32,000,000 Less Variable Expenses Variable material $ 9,600,000 Variable labor
Assume the following information that is provided for Clear View, Inc. | |||||
Total Sales Revenue | $ 32,000,000 | ||||
Less Variable Expenses | |||||
Variable material | $ 9,600,000 | ||||
Variable labor | $ 4,800,000 | ||||
Variable overhead | $ 8,000,000 | ||||
Variable selling & admin | $ 1,600,000 | ||||
Total Variable Expenses | $ 24,000,000 | ||||
Contribution Margin | $ 8,000,000 | ||||
Less Fixed Expenses | |||||
Fixed Production Expenses | $ 4,500,000 | ||||
Fixed Selling Expenses | $ 3,200,000 | ||||
Total Fixed Expenses | $ 7,700,000 | ||||
Net Income | $ 300,000 | ||||
Clearview sells 1 product for a price per unit of: | $ 8,000 |
What is the break-even in units sold?
Group of answer choices
3,850 units
4,000 units
963 units
1,000 units
The break-even in Revenue is_____________.
Group of answer choices
$32,000,000
$30,800,000
$7,700,000
$8,000,000
If Clear View wants to earn $1,000,000 in net income, what is the Target Income in Revenue?
Group of answer choices
$34,800,000
$32,000,000
$15,700,000
$15,400,000
If Clear View wants to earn $1,000,000 in net income, what is the Target Income in units?
Group of answer choices
3,850 units
4,350 units
3,250 units
4,000 units
If Clear View raises it price per unit to $10,000 and sells 2,500 units; what would be the new Net Income?
Group of answer choices
$12,300,000
$2,300,000
$360,000
$300,000
The total variable expenses at break-even point is _________.
Group of answer choices
$24,000,000
9,600,000
$21,600,00
$23,100,000
What are the Total Fixed Expenses if Clear View sells 4,750 units?
Group of answer choices
$7,000,000
$24,000,000
$4,500,000
$7,700,000
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