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WARRIOR [948]
3 years ago
5

Break-even sales and sales to realize operating income For the current year ended March 31, Cosgrove Company expects fixed costs

of $27,600,000, a unit variable cost of $805, and a unit selling price of $1,150. a. Compute the anticipated break-even sales (units). units b. Compute the sales (units) required to realize operating income of $5,175,000. units
Business
1 answer:
Anna11 [10]3 years ago
3 0

Answer:

a. 80,000 units

b. 95,000 units

Explanation:

The computation is shown below:

a.The anticipated break-even sales (units) is

As we know that

Break even point in units   = Total fixed cost ÷ Contribution margin per unit

= $27,600,000 ÷  $345    

= 80,000 units

Where,

Contribution margin per unit = Selling price per unit - Variable cost per unit

= $1,150 - $805    

= $345

b. The units for realize operating income is

Unit sales for target profit   = (Fixed expense + Target profit) ÷ Contribution margin per unit

= ($27,600,000 + $5,175,000) ÷ $345    

= $32,775,000 ÷ $345    

= 95,000 units

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Answer:

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Explanation:

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So, the nominal rate of interest is the one which involve or comprise of the compensation for inflation and the real interest rate of the interest.

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According to Maslow, when Clorox wipes highlight the germ-harboring aspect of conventional sponges, it is addressing
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Answer:

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7 0
3 years ago
An import restriction (tariff or quota) creates a net loss in welfare for the importing nation because:___________
Helen [10]

Answer:

Explanation:

An import restriction as the term implies is done to limit the amount of a certain good that is imported into the country. Usually this is done to protect the domestic producers of the good in question who are not be as efficient as the country being imported from and so charge higher prices.

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5 0
3 years ago
All of the following statements related to recording warranty expense are true except: Multiple Choice Recording estimated warra
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Answer:

<em>Warranty expense should be recorded in the period when the warranty service is performed.</em>

Explanation:

When the product is sold, a product guarantee liability and warranty cost should be reported if it is possible that consumers may make claims under the warranty and the amount can be calculated.

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3 years ago
Kingbird, Inc. has the following information available for accruals for the year ended December 31, 2019. The company adjusts it
Anton [14]

Answer:

a-Dec-31. Dr Utility expense   485

                    Cr   Utility bills payable  485

b-Jan-11.  Dr Utility bills payable  485

                        Cr Cash                   485

c-Dec-31. Dr Salary expense  3990

                Cr  Salary payable                3990

d-Dec-31. Dr bank 51600

                 Cr  Loan payable   51600

e-Dec-31 Dr Interest expense  215

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f-Dec-31 Dr Account receivable  340

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g-Dec-31. Dr Cash  6840

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Explanation:

a-Utility expense incurred for the m/o Dec will be paid in Jan.

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e-Interest expense for the m/o Dec will be (51600*5%=2580/12=215.

f-The service fee is receivable which will be paid on Jan.

g- Advance rent is received from client.

7 0
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