Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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
image text in transcribed
image text in transcribed
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

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

Forensic Accounting And Fraud Examination

Authors: Mary Jo Kranacher, Richard Riley

2nd Edition

1119494338, 9781119494331

More Books

Students also viewed these Accounting questions

Question

@ prepare breakeven graphs and contribution graphs

Answered: 1 week ago