Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

--> Moving to another question will save this response Question 37 of 50 Question 37 2.5 points Samuel Enterprise has monthly fixed costs of $137,838

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
--> Moving to another question will save this response Question 37 of 50 Question 37 2.5 points Samuel Enterprise has monthly fixed costs of $137,838 and a 55 contribution margin ratio, if the company has set a monthly target income amount at $20.409 what doar amount of sales must be made to produce the target income? Enter your answer with no commes or dollars and round to the nearest dollar. If your answer is $12345.56 then you would input 12346 uestion 38 2.5 points Save Answer Emmons Corporation has a target of $80,812 pre-tax income. The contribution margin ratio is 40 What amount of sales in dollars must be achieved in order to reach the targeted income assuming fixed costs are $40.557 Enter your answer without commes and dollar signs and round to the nearest dollar. For example, if you answer is 5125.436.78 enter 125437 Question 39 Given the following information determine the gross profit for Awesome Accounting Students Incorporated: Cost of goods manufactured $69,655 Finished Goods Inventory. Jan. 1st $5,744 Finished Goods Inventory. Jan. 31st $14,207 Sales Revenue $117,406 Sales and Administrative expenses $6,580 When you input your answer do not include any commas or $ signs. If the answer is $10,000 enter 10000 ition 40 The records of Carrington and Sweeney show that job 115 is has direct material cost of 58.236 and direct labor cost of 19,021. Carrington and Sweeney allocate manufacturing overhead at 92% of direct labor cost. What is the total cost of job 115? When you input your awe do not include any commar or S u therwe 3/0,000 enter 10000

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

Students also viewed these Accounting questions