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wel
2 years ago
6

Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $300. Annual fixed co

sts are $870,000. Current sales volume is $4,200,000. Flannigan Company management targets an annual pre-tax income of $1,125,000. Compute the dollar sales to earn the target pre-tax net income. A. $5,990,990. B. $5,640,000. C. $2,991,004. D. $2,612,613. E. $3,378,378.
Business
1 answer:
mihalych1998 [28]2 years ago
7 0

Answer:

$5985,000

Explanation:

The computation of the sales amount in dollars is shown below:

= (Fixed cost + pre tax income) ÷ (Profit volume ratio)

where,  

Profit volume ratio = Contribution margin per unit ÷ Selling price per unit × 100

= $150  ÷ 450 × 100

= 33.33%

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

= $450 - $300

= $150

And, the fixed cost is $870,000 and pre tax income is $1,125,000

Now put these values to the above formula

So, the per unit would be equal to

= ($870,000 + $1,125,000)  ÷ 33.33%

= $5985,000

This is the answer but the same is not provided in the given options

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Lopez Corporation incurred the following costs while manufacturing its product.
grandymaker [24]

Answer:

$358,150

Explanation:

Cost of goods manufactured is calculated in a Schedule of Manufacturing Costs as follows :

Cost of goods manufactured = Beginning Work In Process + Total Manufacturing Costs - Ending Work In Process

where,

Total Manufacturing Costs :

Materials used in product              $124,260

Depreciation on plant                     $69,650

Property taxes on plant                   $21,750

Labor costs of assembly-line        $120,570

Factory supplies used                     $25,810

Total                                               $362,040

therefore,

Cost of goods manufactured = $13,700 +   $362,040 - $17,590 = $358,150

8 0
3 years ago
Given the following information, calculate the savings ratio:
inessss [21]

Answer:

$21.71%

Explanation:

Given that

Monthly saving = $760

Gross income = $3500

The computation of the savings ratio is shown below:-

Savings Ratio = (Monthly savings ÷ Gross Income) × 100

= ($760 ÷ $3,500) × 100

= $0.21 × 100

= $21.71%

Therefore for computing the saving ratio we simply divide gross profit by monthly saving and after a result we multiply by 100.

3 0
3 years ago
To whom must licensees provide agency disclosures prior to entering into an agency agreement?
tiny-mole [99]

A licensee who is operating in the capacity of a party's designated agent must notify any clients of the existence of the agency relationship in writing.

<h3><u>An agency agreement is what?</u></h3>

In a legal contract known as an agency agreement, the first party, known as the "principal," agrees that the activities of the second party, known as the "agent," bind the principal to later agreements made by the agent as if the principal had made them personally.

In law, the ability of the agent to bind the principal is known as authority. A person may be compelled to pay for purchases made by a close relative using their credit card if they provide their credit card to them, which is an example of implied authority generated by an agreement.

Learn more about agency agreement with the help of the given link:

brainly.com/question/15038930

#SPJ4

6 0
1 year ago
The markup on a TV should be 58% based on selling price. If the seller paid $252 for one, then how much should it be sold for (i
FinnZ [79.3K]

Answer:

=$398.16

Explanation:

Mark up represents the desired profits of a product. A percentage mark-up increases the price of a product by that specific percentage.

If the cost is $252 and the required mark-up is 58%, the selling price will 58% higher than $252.

= 58% of 252 + 252

= (58/100 x 252 ) + $252

=$146.16 +252

=$398.16

3 0
3 years ago
The selling price of the company’s product is $22 per unit. Management expects to collect 75% of sales in the quarter in which t
tia_tia [17]

Answer:

good luck

Explanation:

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7 0
2 years ago
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