Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Please Help !! Accounting Exercise 3-1A (Algo) Equation method LO 3-1 Franklin Corporation produces products that it sells for $13 each. Variable costs per unit

Please Help !! Accounting

image text in transcribed

image text in transcribed

image text in transcribed

Exercise 3-1A (Algo) Equation method LO 3-1 Franklin Corporation produces products that it sells for $13 each. Variable costs per unit are $10. and annual fixed costs are $62.700. Franklin desires to earn a profit of $8,700. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a. Break-even point in units Break-even point in dollars Sales volume in units Sales in dollars Exercise 3-2A (Algo) Per-unit contribution margin approach LO 3-1 Rundle Corporation sells products for $45 each that have variable costs of $13 per unit. Rundle's annual fixed cost is $720,000. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Break-even point in units Break-even point in dollars Exercise 3-3A (Algo) Contribution margin ratlo LO 3-1 Adams Company incurs annual fixed costs of $88.675. Variable costs for Adams's product are $22.75 per unit, and the sales price is $35.00 per unit. Adams desires to earn an annual profit of $62,000. Required Use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit. (Do not round Intermediate calculations. Round your final answers to the nearest whole number.) Sales in dollars Sales volume in units

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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