Need help ASAP Parker Pottery produces a line of vases and a line...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Need help ASAP Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labour; hence, there is no traceable fixed costs. Common fixed costs equal $17 400. Parkers accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Vases Figurines Price $40 $70 Variable costs $30 $42 Number of units 1 200 400 The tax rate is 28%. Calculate how many of each product would need to be sold in order to make an after gax profit of $7200 
Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labour, hence, there is no traceable fixed costs. Common fixed costs equal $17 400. Parker's accountant has begun to assess the profitability of the two lines and has gathered the following data for last year: Vases Figurines Price $40 $70 Variable costs $30 $42 Number of units 1 200 400 The tax rate is 28% Calculate how many of each product would need to be sold in order to make an after-tax profit of $7 200
Parker Pottery produces a line of vases and a line of ceramic figurines. Each line uses the same equipment and labour; hence, there is no traceable fixed costs. Common fixed costs equal $17 400. Parkers accountant has begun to assess the profitability of the two lines and has gathered the following data for last year:
Vases
Figurines
Price
$40
$70
Variable costs
$30
$42
Number of units
1 200
400
The tax rate is 28%.
Calculate how many of each product would need to be sold in order to make an after gax profit of $7200
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!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.