Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Presented below is the income statement of Clorox inc which represents the operating results for the current fiscal year ending fune 30,2023 : Clorox Inc.

image text in transcribed
image text in transcribed
Presented below is the income statement of Clorox inc which represents the operating results for the current fiscal year ending fune 30,2023 : Clorox Inc. had sales of 3,700 tons of product during the current year: Consider each question's situation separately. Do notenter dollatsigns or commas in the input boxes: Round your answers to the nearest whole number. Eor Unit calculations round your answers un to the neacest whols numbet a) What is the break even volume in tons of product for the year? Bteak even point: tons a) What is the break even volume in tons of product for the year? Break even Point: tons b) If the sales volume is estimated to be 4,000 tons next year, and the prices and costs stay at the same levels and amounts, what is the expected operating profit? Contribution margin: Fixed Costs: S Operating Profit: C) Ignoring your previous answers, assume that Clorox inc plans to market its product in a new territory. Coorox Inc estimates that an advertising and promotion program costing $66,000 annually would need to be undertaken for the next two or three years. An additional $70 per ton sales commission would be required. How mary tons would have to be sold in the new territory to maintain Gorox inc's current operating profit Additional Fixed costs: New CM per unit: per ton Additional Sales Quantity: tons Bound your answers to 2 decimal places d) Ignoring your previous answers, assume that Clorox inc. estimates that the per ton selling price will dectine 105 nest year Variabie costs will increase $100.00 per ton and the fixed costs will not change to keep the same operating profit of 5444,000 noxt year, what must be the nees sales amount? New Selling Prices $ perton Alumable Costs 5 perton

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

International Financial Accounting And Reporting

Authors: Ciaran Connolly

6th Edition

1912350025, 978-1912350025

More Books

Students also viewed these Accounting questions