1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Crazy boy [7]
3 years ago
15

Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales pri

ce is $50 per unit. santiago desires to earn an annual profit of $34,000. required use the contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit.
Business
1 answer:
babunello [35]3 years ago
6 0

Answer: 6250

Explanation:

From the question, we are informed that Santiago company incurs annual fixed costs of $66,000. variable costs for santiago's product are $34 per unit, and the sales price is $50 per unit. santiago desires to earn an annual profit of $34,000.

The contribution margin ratio approach to determine the sales volume in dollars and units required to earn the desired profit for thus:

Contribution margin ratio = (Sales price - Variable cost)/Sales price

= (50-34)/50

= 16/50

= 0.32

Sales = (66,000 + 34,000)/0.32

= 100,000/0.32

= 312,500

Sales volume in units will be sales divided by price. This will be:

= 312,500/50

= 6250

You might be interested in
Tomas earned $89 in interest on his savings account last year and has decided to leave the $89 in his account this coming year s
mamaluj [8]

Answer:

compound interest

Explanation:

compound interest is a practice where the interest earned qualifies to earn more interest. Compound interest is offered on some savings accounts. The interest earned every  year is not withdrawn but is added to the principal amount. The principal amount increases at the beginning of every period.

The act of adding interest to the principal, which results in interest earnings on interest, is known as compound interest. Accounts that offer compounding interest are preferred to simple interest accounts. A saved amount in a compound interest account will grow faster as the principal amount will increase every year.

7 0
3 years ago
Match each retail term with the correct definition
katen-ka-za [31]

Answer:

what retall terms

Explanation:

8 0
3 years ago
Kate is analyzing a proposed project to determine how changes in the sales quantity would affect the project's net present value
Fittoniya [83]

Sensitivity analysis. Where one variable is being tweaked a little to see the NPV, that is always sensitivity analysis.

6 0
3 years ago
The Shoal Company's manufacturing costs for the third quarter of 2019 were as follows: (CPA adapted) Direct materials and direct
creativ13 [48]

Answer: $1,017,000

Explanation:

In calculating product costs we take the following, Direct materials and direct labor, Other variable manufacturing costs, Depreciation of factory building and manufacturing equipment and Other fixed manufacturing costs.

We add all of those with the result being the Product cost.

Calculating therefore would give us,

= 770,000 + 135,000 + 87,000 + 25,000

= $1,017,000

$1,017,000 is the amount that should be considered product costs for external reporting purposes.

If you need any clarification do comment.

7 0
3 years ago
What are possible problems that can happen when karst aquifers are refilling during storms?
sergij07 [2.7K]
Are the formal of te lands that can use shush and the baby one is the
8 0
3 years ago
Other questions:
  • At the closing on June 15, the buyer is assuming a mortgage presently on the property, on which the monthly interest charge is c
    11·1 answer
  • On January 1, 2021, Tonge Industries had outstanding 480,000 common shares ($1 par) that originally sold for $30 per share, and
    13·2 answers
  • ___ is the process of examining, documenting, and assessing the security posture of an organization’s information technology and
    6·1 answer
  • Which of the following statements is FALSE?a. Electronic procurement systems can aid a company in saving both time and money.b.
    12·1 answer
  • Karolina owns a small diner, where she works full-time in the kitchen. Her total revenue last year was $100,000, and her rent wa
    5·1 answer
  • Southwest Pediatrics has the following balances on December 31, 2021, before any adjustment: Accounts Receivable = $116,000; All
    13·1 answer
  • Lagoon has two food stores Buck's and Combo's. It costs $1 to make one of Buck's bread loaves and $2 to make one of Combo's chee
    11·1 answer
  • What is the difference between paper currency and coins?​
    9·2 answers
  • If bankruptcy were to​ occur, ________ would have the first claim on assets.
    11·1 answer
  • Metlock, Inc. purchases land for $430000 cash. The clinic assumes $4600 in property taxes due on the land. The title and attorne
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!