Question
In 2020, X Company had revenue of $227,800 and incurred the following costs: Direct materials $45,560 Direct labor 22,780 Variable overhead 47,838 Fixed overhead 16,400
In 2020, X Company had revenue of $227,800 and incurred the following costs:
Direct materials $45,560
Direct labor 22,780
Variable overhead 47,838
Fixed overhead 16,400
Variable selling and administration 11,390
Fixed selling and administration 15,500
If revenue and cost relationships are not expected to change in 2021, what must revenue be in 2021 in order for X Company to earn $70,000?
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
Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
14th Edition
978-0132960649, 132960648, 132109174, 978-0132109178
