Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Cost Profit Volume Analysis You are helping a luxury handmade soap company conducting CVP analysis. Complete the table below with given information. Moisturiser Care Soap

image text in transcribed

Cost Profit Volume Analysis You are helping a luxury handmade soap company conducting CVP analysis. Complete the table below with given information. Moisturiser Care Soap Balanced & Mild Soap Goat Milk Soap Total 100 90 200 Expected Sales Volume (unit) per month Selling Price per soap $ 50.00 $ 70.00 $ 55.00 Variable Cost per soap $ 25.00 $ 35.00 $ 20.00 Contribution Margin per soap $ $ Expected Sales Mix Percentage % % WACM $ $ $ Rent and equipment cost per year $ 10,400 Full time supervisor salary per year $ 53,000 Website maintenance cost per year $ 4,500 Tax Rate 30 % Desired after tax profit $ 40,000 How many soaps the company needs to sale to reach its desired after tax profit? How many of Moisturiser Care Soap needs to be sold when the company has reached its desired after tax profit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Accounting

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie

11th Edition

9780730382737, 9780730382737

Students also viewed these Accounting questions