Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D21 AM X In Mid X Q course he Homewo * Course H C EverestHQ Chapter | C | Chegg.c| C) | Chegg.c| C. |

image text in transcribedimage text in transcribed
D21 AM X In Mid X Q course he Homewo * Course H C EverestHQ Chapter | C | Chegg.c| C) | Chegg.c| C. | Chegg.c| C) | Chegg.c| C) | Chegg.c| C) | Chegg.c| + X G https://www.ameengage.com/mod/quiz/attempt.php?attempt=40897368cmid=1152175&page=22 E CONESTOGA Canrect Ufs and Learning AME ENGAGE English (en) A Vrushbh Patel Dashboard / My courses / [Conestoga 09/2022] ACCT2460 - Section 12 / Quizzes & Exams / Midterm Exam Question 23 > Quiz navigation Hoffer Edifier company sells a one design speaker. The company's sales and expenses for June 2022 follows: Not yet answered Total Per Unit Marked out of Sales $249,600 $32.00 6.00 Less: Variable expenses $124,800 $16.00 Flag Contribution margin $124,800 $16.00 question Less: Fixed Expenses $70,700 Net operating Profit $54, 100 Do not enter dollar signs or commas in the input boxes. a) What is the monthly break-even point in units sold? Round your answer up to the nearest whole number. Break-even point in units sold: units b) How many units would have to be sold each month to earn a target profit of $27,400? Round your answer up to the nearest whole number. Contact us! 43 F 4:47 PM Mostly cloudy O 99+ 10/17/202 16D21 AM X In Mid X Q course he Homewo * Course HC EverestHQ Chapter | C | Chegg.c| C) | Chegg.c| C. | Chegg.c | C) | Chegg.c | C) | Chegg.c| C) | Chegg.c|+ X C https://www.ameengage.com/mod/quiz/attempt.php?attempt=4089736&cmid=1152175&page=22 CONESTOGA Canrect Uits and Learning AME ENGAGE English (en) A Vrushbh Patel b) How many units would have to be sold each month to earn a target profit of $27,400? Round your answer up to the nearest whole number. Units sold to attain target profit: units c) What is the company's margin of safety in percentage terms? Round the margin of safety to 2 decimal places. Margin of safety in dollars: $ Margin of safety percentage: d) If monthly sales increase by $31,500 and there is no change in fixed expenses, by how much would you expect monthly net operating profit to increase? Round the contribution margin ratio to 2 decimal places. Contribution Margin Ratio: % OneDrive .. . X Incremental contribution margin: $ Screenshot saved The screenshot was added to your OneDrive. 43 F 99+ 4:47 PM Mostly cloudy 10/17/2022 16

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

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

8th Edition

1119791057, 978-1119791058

More Books

Students also viewed these Accounting questions

Question

1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago