Good Afternoon,
I am needing assistance with this assignment. Please advise.
7.
Campbell Company makes a product that sells for $30 per unit. The company pays $13 per unit for the variable costs of the product and incurs annual fixed costs of $137,700. Campbell expects to sell 22,100 units of product. Required Determine Campbell's margin of safety expressed as a percentage. Note: Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45) :IM Thornton Company produces a product that has a variable cost of $28 per unit and a sales price of $60 per unit. The company's annual fixed costs total $740,000. It had net income of $300,000 in the previous year. In an effort to increase the company's market share, management is considering lowering the selling price to $54 per unit. Required a. If Thornton desires to maintain net income of $300,000, how many additional units must It sell tojustlfy the price decline? b. Assume that in addition to lowering its selling price to $54, Thornton also desires to increase its net income by $78,000. Determine the number of units the company must sell to earn the desired income. Complete this question by entering your answers in the tabs below. Required A Required 8 If Thornton desires to maintain net income of $300,000, how many additional units must it sell to justify the price decline? units Thornton Company produces a product that has a variable cost of $28 per unit and a sales price of $60 per unit. The company's annual xed costs total $740,000. It had net income of $300,000 in the previous year. In an effort to increase the company's market share, management Is considering lowering the selling price to $54 per unit. Required a. If Thomton desires to maintain net income of $300,000, how many additional units must it sell tojustify the price decline? b. Assume that in addition to lowering its selling price to $54, Thornton also desires to increase its net income by $78,000 Determine the number of units the company must sell to earn the desired income Complete this question by entering your answers in the tabs below. Required A Required B nun-nun. Assume that in addition to lowering its selling price to $54, Thornton also desires to increase its net income by $?8,000. Determine the number of units the company must sell to earn the desired income. The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per-unit contribution margin for each product follows. Nylon Wool Sales price $ 152 $ 264 Variable cost per unit (54) (34) Contribution margin per- unit $ 68 S 129 TBC expects to incur annual fixed costs of $694,000. The relative sales mix of the products is 75 percent for Nylon and 25 percent for Wool. Required at. Determine the total number of products [units of Nylon and Wool combined] TBC must sell to earn a $116,000 profit. b. How many units each of Nylon and Wool blankets must TBC sell to earn a $116,000 profit? c. Prepare an income statement using the contribution margin format. Required A Required B Required c Determine the total number of products {units of Nylon and Wool combined) TBC must sell to earn a $116,000 prot. Required A Required B Required C How many units each of Nylon and Wool blankets must TBC sell to earn a $116,000 profit? Nylon Blankets units Wool Blankets unitsRequired A Required B Required C Prepare an income statement using the contribution margin format. THE BLANKET COMPANY Contribution Margin Income StatementSolomon Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price 35 185 $ 136 Variable cost per- unit (58) (85) Contribution mar-gin per' unit $ 4? 5 45 Solomon expects to incur annual fixed costs of $240,240, The relative sales mix of the products is 60 percent for Super and 40 percent for Supreme. Required 3. Determine the total number of products (units of Super and Supreme combined) Solomon must sell to break even. b. How many units each of Super and Supreme must Solomon sell to break even? Note: For all requirements, do not round Intermediate calculations. a. Total number of products b. Product Super b. Product Supreme units units units

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Good Afternoon,

I am needing assistance with this assignment. Please advise.

7.

Campbell Company makes a product that sells for $30 per unit. The company pays $13 per unit for the variable costs of the product and incurs annual fixed costs of $137,700. Campbell expects to sell 22,100 units of product. Required Determine Campbell's margin of safety expressed as a percentage. Note: Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45) :IM Thornton Company produces a product that has a variable cost of $28 per unit and a sales price of $60 per unit. The company's annual fixed costs total $740,000. It had net income of $300,000 in the previous year. In an effort to increase the company's market share, management is considering lowering the selling price to $54 per unit. Required a. If Thornton desires to maintain net income of $300,000, how many additional units must It sell tojustlfy the price decline? b. Assume that in addition to lowering its selling price to $54, Thornton also desires to increase its net income by $78,000. Determine the number of units the company must sell to earn the desired income. Complete this question by entering your answers in the tabs below. Required A Required 8 If Thornton desires to maintain net income of $300,000, how many additional units must it sell to justify the price decline? units Thornton Company produces a product that has a variable cost of $28 per unit and a sales price of $60 per unit. The company's annual xed costs total $740,000. It had net income of $300,000 in the previous year. In an effort to increase the company's market share, management Is considering lowering the selling price to $54 per unit. Required a. If Thomton desires to maintain net income of $300,000, how many additional units must it sell tojustify the price decline? b. Assume that in addition to lowering its selling price to $54, Thornton also desires to increase its net income by $78,000 Determine the number of units the company must sell to earn the desired income Complete this question by entering your answers in the tabs below. Required A Required B nun-nun. Assume that in addition to lowering its selling price to $54, Thornton also desires to increase its net income by $?8,000. Determine the number of units the company must sell to earn the desired income. The Blanket Company (TBC) manufactures two types of blankets. One is made of nylon. The other is made of wool. The budgeted per-unit contribution margin for each product follows. Nylon Wool Sales price $ 152 $ 264 Variable cost per unit (54) (34) Contribution margin per- unit $ 68 S 129 TBC expects to incur annual fixed costs of $694,000. The relative sales mix of the products is 75 percent for Nylon and 25 percent for Wool. Required at. Determine the total number of products [units of Nylon and Wool combined] TBC must sell to earn a $116,000 profit. b. How many units each of Nylon and Wool blankets must TBC sell to earn a $116,000 profit? c. Prepare an income statement using the contribution margin format. Required A Required B Required c Determine the total number of products {units of Nylon and Wool combined) TBC must sell to earn a $116,000 prot. Required A Required B Required C How many units each of Nylon and Wool blankets must TBC sell to earn a $116,000 profit? Nylon Blankets units Wool Blankets unitsRequired A Required B Required C Prepare an income statement using the contribution margin format. THE BLANKET COMPANY Contribution Margin Income StatementSolomon Company manufactures two products. The budgeted per-unit contribution margin for each product follows: Super Supreme Sales price 35 185 $ 136 Variable cost per- unit (58) (85) Contribution mar-gin per' unit $ 4? 5 45 Solomon expects to incur annual fixed costs of $240,240, The relative sales mix of the products is 60 percent for Super and 40 percent for Supreme. Required 3. Determine the total number of products (units of Super and Supreme combined) Solomon must sell to break even. b. How many units each of Super and Supreme must Solomon sell to break even? Note: For all requirements, do not round Intermediate calculations. a. Total number of products b. Product Super b. Product Supreme units units units