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4 years ago

14

For the current year ended October 31, Friedman Company expects fixed costs of $14,300,000, a unit variable cost of $250, and a

unit selling price of $380. Compute the anticipated break-even sales (units).

1 answer:

Nana76 [90]4 years ago

5 0

Explanation:

Breakeven=fixed cost/selling price - variable cost

so 14,300000/380-250

14,300000/130 = 110,000 units to be able to make break even

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Nataliya [291]

Answer:

$ 5,937.00

Explanation:

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Net income=$13,108+$2,756-$6,639-$1,610-$1,678=$ 5,937.00

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The net income is the amount by which the overall retained earnings would increase in the current year

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3 years ago

Goshawks Co. produces an automotive product and incurs total manufacturing costs of $2,600,000 in the production of 80,000 units

Katena32 [7]

Answer:

Explanation:

Computation A:

Product Cost Markup = Desire to Earn Profit + Total Selling

Desired to Earn profit = $960,000 × 12%

Desired to Earn profit = $115,200

Product Cost Markup = Desire to Earn Profit + Total Selling

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Computation B:

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3 years ago

Read 2 more answers

The following information applies to the questions displayed belowWarnerwoods Company uses a perpetual inventory system. It ente

Vadim26 [7]

Answer:

Gross profit under LIFO = $40,570 - $26,340 = $14,230

Gross profit under FIFO = $40,570 - $24,520 = $16,050

Gross profit under average cost = $40,570 - $26,238.46 = $14,331.54

Gross profit under specific ID = $40,570 - $26,070 = $14,500

Explanation:

I divided the purchases and sales:

Mar. 1 Beginning 130 units $51.60 per unit

Mar. 5 Purchase 240 units $56.60 per unit

Mar. 18 Purchase 100 units $61.60 per unit

Mar. 25 Purchase 180 units $63.60 per unit

Totals 650 units, $37,900

Mar. 9 Sales 290 units $86.60 per unit

Mar. 29 Sales 160 units a $96.60 per unit

Totals 450 units. $40,570

COGS under LIFO:

(240 x $56.60) + (50 x $51.60) = $16,164

160 x $63.60 = $10,176

total = $26,340

COGS under FIFO:

(160 x $56.60) + (130 x $51.60) = $15,764

(110 x $56.60) + (50 x $61.60) = $8,756

total = $24,520

COGS under average cost:

($37,900 / 650) x (290 + 160) = $26,238.46

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(80 x $51.60 ) + (210 x $56.60) = $16,014

(60 x $61.60) + (100 x $63.60) = $10,056

total = $26,070

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4 years ago

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kiruha [24]

Answer:

A. the company's gross margin is $100,000, while its contribution margin is $60,000.

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Under the gross margin, the net income would be

= Sales - cost of goods sold

= $300,000 - $200,000

= $100,000

Under the contribution margin, the net income would be

= Sales - cost of goods sold - variable operating expenses

= $300,000 - $200,000 - $40,000

= $60,000

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3 years ago

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sveticcg [70]

Answer:

The correct answer is letter "B": January 1, year 5.

Explanation:

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4 years ago