Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 6: Given the following information, find dollar sales needed to achieve the profit below: a. Variable Rate 43% Profit $22,639.00 Fixed Costs $62,396.00 Dollar
| Question 6: Given the following information, find dollar sales needed to achieve the profit below: | ||||||||||
| a. | Variable Rate | 43% | ||||||||
| Profit | $22,639.00 | |||||||||
| Fixed Costs | $62,396.00 | |||||||||
| Dollar Sales | $149,184.21 | |||||||||
| b. | Sales Price per Unit | $16.36 | ||||||||
| Profit | $21,155.00 | |||||||||
| Contribution Margin | $9.05 | |||||||||
| Fixed Costs | $114,388.00 | |||||||||
| Dollar Sales | ? | |||||||||
| c. | Fixed Costs | $56,688.00 | ||||||||
| Profit | $18,055.00 | |||||||||
| Sales Price per Unit | $7.72 | |||||||||
| Variable Cost per Unit | $5.15 | |||||||||
| Dollar Sales | ? | |||||||||
| a. | Dollar Sales | ? | ||||||||
| b. | Dollar Sales | ? | ||||||||
| c. | Dollar Sales | ? | ||||||||
| Question 7: Given the following information, find the number of customers needed to achieve the profit below: | ||||||||||
| a. | Fixed Costs | $56,265.00 | ||||||||
| Profit | $9,488.00 | |||||||||
| Contribution Margin per Unit | $3.50 | |||||||||
| Number of Customers | ? | |||||||||
| b. | Profit | $32,278.00 | ||||||||
| Sales Price per Unit | $15.54 | |||||||||
| Fixed Costs | $103,064.00 | |||||||||
| Contribution Rate | 54% | |||||||||
| Number of Customers | ? | |||||||||
| a. | Number of Customers | ? | ||||||||
| b. | Number of Customers | ? | ||||||||
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Advanced Accounting
Authors: Debra C. Jeter, Paul K. Chaney
7th edition
1119373204, 9781119373254 , 978-1119373209
