Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Finch Company incurs annual fixed costs of $120,785. Variable costs for Finch's product are $26.80 per unit, and the sales price is $40.00 per unit.

image text in transcribed

Finch Company incurs annual fixed costs of $120,785. Variable costs for Finch's product are $26.80 per unit, and the sales price is $40.00 per unit. Finch desires to earn an annual profit of $49,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units

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

Recommended Textbook for

Internal Quality Systems Auditing

Authors: Paul F. Lewis

1st Edition

1570744076, 978-1570744075

More Books

Students also viewed these Accounting questions

Question

Differentiate between constructive and destructive conflict

Answered: 1 week ago

Question

1. Discuss the four components of language.

Answered: 1 week ago

Question

a. How many different groups were represented?

Answered: 1 week ago