Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Sheridan Bakery has provided the following cost data for the last year when 100,000 loaves of bread were produced and sold. All costs are variable
Sheridan Bakery has provided the following cost data for the last year when 100,000 loaves of bread were produced and sold. All costs are variable except for $155,000 of the overhead and $81,000 of the selling and administrative. The sales price was $10 per Ioaf: (a) How many units must be sold to meet a target operating income of $340.200 ? (Round intermediate calculation to 2 decimal places, eg. 15.25 and final answers to 0 decimal ploces es 25,000 . How many units must be sold to meet a target operating income of $340.200 ? (Round intermediate calculation to 2 decimal places, eg. 15.25 and final answers to 0 decimal places, eg. 25,000.J Must be sold loaves Your answer is correct. If Sheridan desires a target operating income of $177,000, what is the amount of sales dollars needed to reach this target? (Round intermediate calculation to 2 decimal ploces, eg. 15.25 and final answers to 0 decimal ploces, eg. 25,000.) 5 ales dollars What will be the operating income from producing 77,400 loaves? (Round answers to 0 decimal ploces, eg. 25,000.) Operating income
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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