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Good Evening! I am needing help with the following assignments. Please advise. 1. Franklin Corporation sells products for $33 each that have variable costs of
Good Evening!
I am needing help with the following assignments. Please advise.
1.
Franklin Corporation sells products for $33 each that have variable costs of $14 per unit. Franklin's annual xed cost is $452,200. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Breakeven point in units _ Breakeven point in dollars - Zachary Company incurs annual xed costs of $83230. Variable costs for Zachary's product are $19.80 per unit, and the sales price is $30.00 per unit. Zachary desires to earn an annual profit of$56,000_ Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired prot. Note: Do not round intermediate calculations. Round your final answers to the nearest whole number. Sales in dollars - Sales volume in units _ Munoz Corporation produced 215,000 watches that it sold for $18 each during year 2. The company determined that fixed manufacturing cost per unit was $8 per watch. The company reported a $1,075.000 gross margin on its year Ztinancial statements. Required Determine the variable cost per unit, the total variable cost, and the total contribution margin. 1Variable cost per unit Total variable cost Total contribution margin Information concerning a product produced by Finch Company appears as follows. Sales price per unit $ 170 Variable cost per unit $ 88 Total annual fixed manufacturing and operating costs $ 524, 800 Required Determine the following: a. Contribution margin per unit. b. Number of units that Finch must sell to break even. c. Sales level in units that Finch must reach to earn a profit of $287,000. a. Contribution margin per unit b. Break-even in units c. Required sales in unitsStuart Company produces a product that sells for $56 per unit and has a variable cost of $30 per unit. Stuart incurs annual fixed costs of $156,000. Required a. Determine the sales volume in units and dollars required to break even. Note: Do not round intermediate calculations. in. Calculate the break-even point assuming fixed costs increase to $244,400. Nate: Dc: not round intermediate calculations. a. Sales volume in units a. Sales in dollars b. Breakeven units b. Break-even sales Stuart Corporation is a manufacturing company that makes small electric motors it sells for $53 per unit. The variable costs of production are $35 per motor, and annual xed costs of production are $396,000. Required a. How many units of product must Stuart make and sell to break even? in. How many units of product must Stuart make and sell to earn a $72,000 profit? 1:. The marketing manager believes that sales would increase dramatically ifthe price were reduced to $4? per unit. How many units of product must Stuart make and sell to earn a $93600 profit, ifthe sales price is set at $47 per unit? a. Sales volume units b. Sales volume units (3. Sales volume units Rooney Company makes a product that sells for $33 per unit. The company pays $25 per unit for the variable costs of the product and incurs annual fixed costs of $75,200. Rooney expects to sell 21,900 units of product. Required Determine Rooney'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) Margin of safety %Stuart Company produces a product that has a variable cost of $27 per unit and a sales price of $67 per unit. The company's annual fixed costs total $730,000. It had net income of $290,000 in the previous year. In an effort to increase the company's market share. management is considering lowering the selling price to $61 per unit. Required 3. If Stuart desires to maintain net income of $290,000, how many additional units must it sell to justify the price decline? b. Assume that in addition to lowering its selling price to $61, Stuart also desires to increase its net income by $85000. 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 If Stuart desires to maintain net income of $290,000, how many additional units must it sell to justify the price decline? units Stuart Company produces a product that has a variable cost of $27 per unit and a sales price of $67 per unit. The company's annual fixed costs total $730,000. It had net income of $290,000 in the previous year. In an effort to increase the company's market share, management is considering lowering the selling price to $61 per unit. Required a. If Stuart desires to maintain net income of $290,000, how many additional units must it sell to justify the price decline? in. Assume that in addition to lowering its selling price to $61, Stuart also desires to increase its net income by 5585.000. 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 E. Assume that in addition to lowering its selling price to $61, Stuart also desires to increase its net income by 585,000. 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 ofwool. The budgeted per unit contribution margin for each product follows. Nylon N001 Sales price $ 155 $ 26? Variable cost per unit 95; [3?! Contribution margin per unit 5 59 $ 1-29 TBC expects to incur annual fixed costs of $961,000. The relative sales mix ofthe products is 80 percent for Nylon and 20 percent for Wool. Required at. Determine the total number of products [units of Nylon and Wool combined) TEEC must sell to earn a $119,000 profit. in. How many units each of Nylon and Wool blankets must TBC sell to earn a $119,000 profit? 1:. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the total number of products (units of Nylon and Wool combined} TBC must sell to earn a $119,000 prot. 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 $ 155 $ 207 Variable cost per unit (95) (87) Contribution margin per unit $ 60 $ 120 TBC expects to incur annual fixed costs of $961,000. The relative sales mix of the products is 80 percent for Nylon and 20 percent for Wool. Required a. Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $119,000 profit. b. How many units each of Nylon and Wool blankets must TBC sell to earn a $119,000 profit? c. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Required A Required B Required C How many units each of Nylon and Wool blankets must TBC sell to earn a $119,000 profit? Nylon Blankets units Wool Blankets unitsThe 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 $ 155 $ 207 Variable cost per unit (95) (87) Contribution margin per unit $ 60 $ 120 TBC expects to incur annual fixed costs of $961,000. The relative sales mix of the products is 80 percent for Nylon and 20 percent for Wool. Required a. Determine the total number of products (units of Nylon and Wool combined) TBC must sell to earn a $119,000 profit. b. How many units each of Nylon and Wool blankets must TBC sell to earn a $119,000 profit? c. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Required A Required B Required C Prepare an income statement using the contribution margin format. THE BLANKET COMPANY Contribution Margin Income StatementAdams lCompany manufactures two products. The budgeted perunit contribution margin for each product follows: Super Supreme Sales price 2. 91 $ 135 Variable cost per unit [56} [38] Contribution margin per unit 35 35 $ 43 Adams expects to incur annual fixed costs of $191760. The relative sales mix of the products is 80 percent for Super and 20 percent for Supreme. Required a. Determine the total number of products [units of Super and Supreme combined] Adams must sell to break even. b. How many units each of Super and Supreme must Adams sell to break even? Note: For all requirements, do not round intermediate calculations. a. Total number ofproducts units b. Product Super units b. Product Supreme unitsStep by Step Solution
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