Question
I have the answers to the first few, can you answer the last 3 for me please, I am not to sure about my last
I have the answers to the first few, can you answer the last 3 for me please, I am not to sure about my last answer that is why I am asking you to re-do it:
- Determine the percentage increase in annual profits if YUX Corporation increases its selling price by 20% and all other factors (including demand) remain constant. (Round answer to 2 decimal places, e.g. 15.25%.)
Percent increase in profit %:
- Assume the price remains at $60 per unit and variable costs remain the same per unit, but fixed costs increase by 20% annually. Calculate the percentage increase in unit sales required to achieve the same level of annual profit calculated in part (b). (Round answer to 2 decimal places, e.g. 15.25%.)
Percent increase in unit sales %:
- Determine the sales required to earn an operating income of $334,800 after tax. YUX Corporations income tax rate is 40%
Sales required to earn an operating income of $334,800$:
YUX Corporation sells a single product for $60. Its management estimates the following revenues and costs for the year 2020: Net sales $612.000 Selling expenses-variable $19.100 Direct materials 8.600 Selling expenses-fixed 20.000 Direct labour 63.600 Administrative expenses-variable 10.600 Manufacturing overhead-variable 20.500 Administrative expenses-fixed 9.700 Manufacturing overhead-fixed 67,068 Assuming fixed costs and net sales are spread evenly throughout the year, determine YUX's monthly break-even point in units and dollars. (Round answers to decimal places, eg. 5,275.) 168 units Monthly break-even in units Monthly break-even in dollars $ 8.064 Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual profit. (Round answers to decimal places, eg. 15 or 15%) 80 % Contribution margin ratio Annual margin of safety ratio 80 Annual profit $ 392,832 Determine the percentage increase in annual profits if YUX Corporation increases its selling price by 20% and all other factors (including demand) remain constant. (Round answer to 2 decimal places, eg. 15.25%.) Percent increase in profit 31.18 % Assume the price remains at $60 per unit and variable costs remain the same per unit, but fixed costs increase by 20% annually. Calculate the percentage increase in unit sales required to achieve the same level of annual profit calculated in part (b). (Round answer to 2 decimal places, eg, 15.25%. Percent increase in unit sales %6 Determine the sales required to earn an operating income of $334,800 after tax. YUX Corporation's income tax rate is 40%. Sales required to earn an operating income of $334,800 $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started