Question
Photo Finish, Incorporated produces and sells picture frames. Variable costs are expected to be $13 per frame; fixed costs for the year are expected to
Photo Finish, Incorporated produces and sells picture frames. Variable costs are expected to be $13 per frame; fixed costs for the year are expected to total $170,000. The budgeted selling price is $21 per frame.
The sales in units required by Photo Finish to make an after-tax profit (A) of $21,000, given an income tax rate, t, of 20%, would be (rounded up to nearest whole unit):
Multiple Choice -
23,767 units.
-
24,452 units.
-
23,084 units.
-
23,301 units.
-
24,531 units.
Photo Finish, Incorporated produces and sells picture frames. Variable costs are expected to be $13 per frame; fixed costs for the year are expected to total $170,000. The budgeted selling price is $21 per frame.
The sales in units required by Photo Finish to make an after-tax profit (A) of $21,000, given an income tax rate, t, of 20%, would be (rounded up to nearest whole unit):
23,767 units.
24,452 units.
23,084 units.
23,301 units.
24,531 units.
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Supply Chain Management Accounting Managing Profitability Working Capital And Asset Utilization
Authors: Simon Templar
1st Edition
0749472995, 978-0749472993
