Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

in ezto.mheducation.com * Start Page M Question 2 - Assignment 2 - Connect Assignment 2 Seved Help Save & Exit Submit Check my work 2

image text in transcribedimage text in transcribedimage text in transcribed

in ezto.mheducation.com * Start Page M Question 2 - Assignment 2 - Connect Assignment 2 Seved Help Save & Exit Submit Check my work 2 Breed Products has performed extensive studies on its costs and production and estimates the following annual costs based on 159,000 units (produced and sold). 100 paints Direct material Direct labor Manufacturing overhead Selling, general, and administrative Total Total Annual Costs (159,000 units) $ 287,000 253,000 222,000 141,000 $ 903,000 eBook Print References Required: a. Compute Breed's unit selling price that will yield a profit of $432,600, given sales of 159,000 units. b. Compute Breed's dollar sales that will yield a projected 27 percent profit on sales, assuming variable costs per unit are 57 percent of the selling price per unit and fixed costs are $328,000. c. Management believes that a selling price of $7.20 per unit is reasonable given current market conditions. How many units must Breed sell to generate the revenues (dollar sales) determined in requirement (b)? Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Breed's unit selling price that will yield a profit of $432,600, given sales of 159,000 units. (Round your answer to 2 decimal places.) Selling price per unit ( Required A Required B > B Mc Graw Hill in ezto.mheducation.com * Start Page M Question 2 - Assignment 2 - Connect Assignment 2 Seved Help Save & Exit Submit Check my work 2 Breed Products has performed extensive studies on its costs and production and estimates the following annual costs based on 159,000 units (produced and sold). 100 paints Direct material Direct labor Manufacturing overhead Selling, general, and administrative Total Total Annual Costs (159,000 units) $ 287,000 253,000 222,000 141,000 $ 903,000 eBook Print References Required: a. Compute Breed's unit selling price that will yield a profit of $432,600, given sales of 159,000 units. b. Compute Breed's dollar sales that will yield a projected 27 percent profit on sales, assuming variable costs per unit are 57 percent of the selling price per unit and fixed costs are $328,000. c. Management believes that a selling price of $7.20 per unit is reasonable given current market conditions. How many units must Breed sell to generate the revenues (dollar sales) determined in requirement (b)? Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute Breed's dollar sales that will yield a projected 27 percent profit on sales, assuming variable costs per unit are 57 percent of the selling price per unit and fixed costs are $328,000. Breed's dollar sales > Mc Graw Hill Assignment 2 Saved Help Save & Exit Submit Check my work 2 Breed Products has performed extensive studies on its costs and production and estimates the following annual costs based on 159,000 units (produced and sold). 100 points Direct material Direct labor Manufacturing overhead Selling, general, and administrative Total Total Annual Costs (159,000 units) $ 287,000 253,000 222,000 141,000 $ 903,000 eBook Print References Required: a. Compute Breed's unit selling price that will yield a profit of $432.600, given sales of 159,000 units. b. Compute Breed's dollar sales that will yield a projected 27 percent profit on sales, assuming variable costs per unit are 57 percent of the selling price per unit and fixed costs are $328,000. c. Management believes that a selling price of $7.20 per unit is reasonable given current market conditions. How many units must Breed sell to generate the revenues (dollar sales) determined in requirement (b)? Complete this question by entering your answers in the tabs below. Required A Required B Required C Management believes that a selling price of $7.20 per unit is reasonable given current market conditions. How many units must Breed sell to generate the revenues (dollar sales) determined in requirement (b)? (Round your final answer to the nearest whole unit.) Number of units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: John Hoggett, John Medlin, Keryn Chalmers, Claire Beattie, Andreas Hellmann, Jodie Maxfield

10th Edition

073036321X, 978-0730363217

Students also viewed these Accounting questions