Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. use the following information to answer items b

1. Use the following information to answer items below: Selling Price: $30; VC per...

90.2K

Verified Solution

Question

Accounting

image
1. Use the following information to answer items below: Selling Price: $30; VC per unit: $12: FC: $270,000: Target Net Income: $126,000 Contribution Margin per unit: Contribution Margin ratio: BE in units: BE in $$: Units needed to reach TNI: $$ needed to reach TNI: Margin of Safety: Margin of Safety ratio: **Prove BE in units/$$ and TNI in units/$$ (Use a CVP income statement for each) Prove Break - Even Prove Target Net Income Sales: Sales: Less: VC Less: VC Contribution Margin Contribution Margin Less: FC Less: FC Net Income Net Income 1

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

(i) How do you understand volatility? (ii) How do we forecast volatility?

Finance
Q

Suppose you are climbing a hill whose shape is given by the equation z = 1400 ? 0.005x2...

Advance Math
Q

What is the difference between merger and acquisition? Your response should be at least 200 words...

General Management
Q

3 An ideal gas with adiabatic exponent y goes a cyclic process as shown in...

Physics
Q

9 55 A mass of 0 2 kg is attached to the lower end of...

Physics
Q

For each of the following differential equations, determine whether it is an exact equation ornot....

Basic Math
Q

Tom deposited 3000 into an account with a 3 annual interest rate compounded monthly Assuming...

Algebra
Q

Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit....

Accounting
Q

Stark Industries., a C corporation, owned an office building for several years. The building was...

Accounting
Q

On July 1, 2014, Brigham Corporation purchased Young Company by paying $251,590 cash and issuing...

Accounting
Q

answer? An accounting time period that is one year in length is...

Accounting
Q

7. Future value of annuities There are two categories of cash flows: single cash flows,...

Finance