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please answer both questions and all parts thanks Exercise 9-27 CVP Analysis with Income Taxes (LO 9-2, 9-3) Cohen Company produces and sells socks. Variable
please answer both questions and all parts thanks
Exercise 9-27 CVP Analysis with Income Taxes (LO 9-2, 9-3) Cohen Company produces and sells socks. Variable cost is $11.20 per pair, and fixed costs for the year total $80,400. The selling price Is $16 per pair Required: 1. Calculate the breakeven point in units. (Do not round intermediate calculations.) 2. Calculate the breakeven point in sales dollars. (Do not round intermediate calculations.) 3. Calculate the units required to make a before-tax profit of $45,600. (Do not round intermediate calculations.) 4. Calculate the sales dollars required to make a before tax profit of $38,640. (Do not round intermediate calculations.) 5. Calculate the sales, in units and in dollars, required to make an after-tax profit of $28,640 given a tax rate of 30% (Do not round intermediate calculations. Round sales in units up to the nearest whole number and sales in dollars to the nearest whole dollar.) units 1. Breakeven point 2. Breakeven point in sales dollars 3. Units required 4. Sales in dollar 5. Sales in units Sales in dollars For the most recent year, Triad Company had fixed costs of $150,000 and variable costs of 80% of total sales revenue, earned $45,500 of net income after taxes, and an income tax rate of 35%. Required: 1. Determine the before-tax income. 2. Determine the total contribution margin 3. Determine the total sales. 4. Determine the breakeven point in dollar sales. (Do not round intermediate calculations.) 1. Before-tax income 2. Contribution margin 3. Total sales 4 Breakeven point in sales dollars Step by Step Solution
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