Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Determine sales in units for desired profit if Fixed cost is $ 15,000, desired profit is $ 5,000 Selling price per unit is $ 20

Determine sales in units for desired profit if Fixed cost is $ 15,000, desired profit is $ 5,000 Selling price per unit is $ 20 and Variable cost per unit is $ 16.

a. $ 5,000

b. $ 10,000

c. 5,000 units

d. 10,000 units

Darth Company sells three products. Sales and contribution margin ratios for the three products follow: Product X (Sales $20,000 & CM ratio 45%), Product Y (Sales $40,000 & CM Ratio 40%) and Product Z (Sales $100,000 & CM Ratio 15%). Given these data, the contribution margin ratio for the company as a whole would be:

a. It is impossible to determine from the given data

b. 25%

c. 75%

d. 33.3%

Please please, I don't have enough time to help me

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

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

Students also viewed these Accounting questions

Question

When should you use visuals and data displays?

Answered: 1 week ago