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Help answer multiple-choice problems 1,2,3 with an explanation, please. X Company has the following budgeted information for its three products for 2021: Unit Sales Variable
Help answer multiple-choice problems 1,2,3 with an explanation, please.
X Company has the following budgeted information for its three products for 2021: Unit Sales Variable Cost Product A Selling Price $10.20 34.80 19.30 $5.10 29.00 39,400 6,800 18,200 64,400 Product B 8.10 Product C Total Fixed costs in 2021 are expected to be $325,000. What is the budgeted weighted average contribution margin in 2021 [rounded to two decimal places]? A: $6.90 B: $8.07 C: $9.45 D: $11.05 E: $12.93 F: $15.13 Submit Answer Triac 100 X Company makes and sells a single product. Its budgeted profit equation for 2021 before taxes is P = 0.35R - $290,000, where R is total revenue. The company is not completely sure that the contribution margin rate will be 0.35 in 2021. Assuming that total revenue will be $998,400 in 2021, and the tax rate will be 30%, what must the contribution margin rate be in order for X Company to earn $20,000 after taxes (rounded to two decimal places]? A: 0.07 B: 0.10 C: 0.15 D: 0.22 E: 0.32 F: 0.46 Budgeted sales and costs for X Company in 2021 are as follows: Per Unit $14.00 7.10 Sales Variable manufacturing costs Variable selling costs Fixed manufacturing costs Fixed selling costs Total $96,040 48,706 14,680 9,535 2,127 2.14 1.39 0.31 What must revenue be in 2021 in order for X Company to break even? A: $23,772 B: $26,862 C: $30,354 D: $34,300 E: $38,759 F: $43,798Step by Step Solution
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