Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lindlay, Inc, sells Integrated chips for electronic gadets The company's most recent income statement is given below for 4000 units Sales $240.000 Less Variable Expenses

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Lindlay, Inc, sells Integrated chips for electronic gadets The company's most recent income statement is given below for 4000 units Sales $240.000 Less Variable Expenses $136.000 Contribution Margin $104,000 Less Fixed Expenses -$80.000 Net income $24.000 Answer the questions from 23 to 28 based on the information given above Find the contribution margin per unit for the above Lindlay Inc. Select one AS60 B. S 34 O C S 26 D. None Find the total variable costs, if sales are doubled to $ 480,000. Select one: A $ 136.000 B. None C. $ 272.000 D. $ 236,000 O Find the total fixed costs if sales are doubled to $ 480,000 Select one A $ 190,000 B. None O C. $ 80,000 D. $ 160,000 O Find the Profit, if 20 more units are sold Select one O A S 680 BS 1200 O C None DS 520 Find the Break even Units for Lindlay Inc. Select one: A. 5231 units Rounded to nearest Value. B. 4077 units Rounded to nearest Value C. None D. 3077 units Rounded to nearest Value How many units must be sold to achieve a target profits of $ 50,000? Select one A 5000 units B 6500 units C. 4000 units D. 7000 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_2

Step: 3

blur-text-image_3

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

Human And Social Audit

Authors: N P Agarwal

1st Edition

8176113980, 978-8176113984

More Books

Students also viewed these Accounting questions

Question

love of humour, often as a device to lighten the occasion;

Answered: 1 week ago

Question

orderliness, patience and seeing a task through;

Answered: 1 week ago

Question

well defined status and roles (class distinctions);

Answered: 1 week ago