Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. exercise 2 pidris funiture, inc., sells lamps for

Exercise 2 Pidris Funiture, Inc., sells lamps for $30. The unit variable cost per lamp...

80.2K

Verified Solution

Question

Accounting

image
Exercise 2 Pidris Funiture, Inc., sells lamps for $30. The unit variable cost per lamp is S22. Fixed costs total $9,600, Pidns's tax rate is 30%. Required: a. What is the contribution margin per lamp? b. What is the contribution margin ratio for Pidris Fumiture, Inc. c. What is the breakeven point in units and in dollars? d. How many lamps must be sold to earn an after tax income of $7,000? e. What is the margin of safety, assuming 1,500 lamps are sold? f. What is the company's degree of operating leverage, assuming 1,500 lamps are sold

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Advance Math
1.2K views

2. (a) Solve the complex equation (1+?)?3−[1+??(?3)]=0 and list all possible solutions in Euler’s form with principal...

Chemistry
1.2K views

Newton’s laws of motion, such as trajectory and momentum, do not apply to subatomic particles as...

Chemistry
1.2K views

Phosphorus pentachloride decomposes at higher temperatures. PCl5(g) ⇄ PCl3(g) + Cl2(g) An equilibrium mixture at some temperature...

Geometry
1.2K views

4 point Find than answer for x Type your answer 1 point Given m n...

Accounting
1.2K views

Question 16 With regard to accounting estimates, the auditor is responsible for Group of answer...

Accounting
1.2K views

Exercise 12-5 (Algo) Indirect: Cash flows from operating activities...

Accounting
1.2K views

Using High-Low to Calculate Predicted Total Varlable Cost and Total Cost for Budgeted...

Accounting
1.2K views

Hi-Tek Manufacturing, Inc., makes two types of industrial component parts-the B300 and the T500. An...

Accounting
1.2K views

2. For each item below, indicate whether a debit or credit applies. ( 10 points)

Accounting
1.2K views

Carol Garcia Corporation has pretax financial income (or loss) from 2020 through 2026 as follows....

Finance
1.2K views

You are considering investing $1,000 in a complete portfolio. The complete portfolio is composed of...

Finance
1.2K views

Forecast generated by two forecasting methods is shown below. Compute the RSFE Forecast Absolute Deviation...