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Question 10 YUX Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year 2020: Net sales $428,000
Question 10 YUX Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year 2020: Net sales $428,000 112,100 Selling expenses-variable Selling expenses-fixed Administrative expenses- variable $18,600 18,300 Direct materials Direct labour 55,400 9,100 Manufacturing overhead- variable 18,800 Administrative expenses- fixed 9,100 Manufacturing overhead- fixed 13,640 Assuming fixed costs and net sales are spread evenly throughout the year, determine YUX's monthly break-even point in units and dollars. (Round answers to 0 decimal places, e.g. 5,275.) Monthly break-even in units units Monthly break-even in dollars Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual profit. (Round answers to 0 decimal places, e.g. 15 or 15%.) Contribution margin ratio % Annual margin of safety ratio % Annual profit Determine the percentage increase in annual profits if YUX Corporation increases its selling price by 20% and all other factors including demand) remain constant. (Round answer to 2 decimal places, e.g. 15.25%.) Percent increase in profit 0% achieve Assume the price remains at $40 per unit and variable costs remain the same per unit, but fixed costs increase by 20% annually. Calculate the percentage increase in unit sales required the same level of annual profit calculated in part (b). (Round answer to 2 decimal places, e.g. 15.25%.) Percent increase in unit sales Determine the sales required to earn an operating income of $346,200 after tax. YUX Corporation's income tax rate is 40%. Sales required to earn an operating income of $346 Screenshot
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