Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the xyz company provides you with the following da

The XYZ Company provides you with the following data regarding operations in 20x9. ($) Sales...

90.2K

Verified Solution

Question

Accounting

image

The XYZ Company provides you with the following data regarding operations in 20x9. ($) Sales Commission 13,000 Direct material 35,000 Depreciation on office facilities 12,000 Factory supervisory salaries (indirect) 15,000 Sales 120,000 Variable manufacturing overhead (indirect) 5,000 Direct labor 25,000 Requiremen 1. Construct the Decision Model of Income Statement by Absorption Approach. Requirement 2. Construct the Decision Model of Income Statement by contribution Approach. 3 4 5 6 7 8 9 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 Requirement 3. Compute BEP in Sales ($) using the decision model you construct Break-even point in sales dollars (S) Requirement 4. Compute Target Sales for Target Profit After Tax XYX company sets up the Target Profit After Tax for $20,000 with the income tax rate of 40%. How much Sales should the company make to meet the Target Profit AFTER tax? Target Sales for Target Profit after tax ($) 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 Requirement 5. Why is the contribution approach better off calculating Sales In BEP than the absoption approachi The End of the Problem Set 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Of the following investments, which has the lowest risk? Question 23 options: government bonds conservative mutual funds futures blue chip...

Civil Engineering
1.2K views

A mechanically cleaned bar rack has 4.8\" thick bars and 1.5\" clear spaces before the bars....

Biology
1.2K views

1. Explain why the earliest evidence of animals in fhe fossil record would come from chemicals as...

Biology
1.2K views

Please select characteristics exhibited by endotoxins but not exhibited by exotoxin Check All That Apply...

Biology
1.2K views

During the late 1800's women achieved a feeling of self reliance and freedom due to...

Statistics
1.2K views

2 A husband a wife decide to have children until they have at least one...

Accounting
1.2K views

Entries for Issuing Bonds and Amortizing Discount by Straight-Line Method On the first day of...

Accounting
1.2K views

Price Mart is considering outsourcing its billing operations. A consultant estimates that outsourcing should result...

Accounting
1.2K views

electrowics and appliances alvo sold by the pareat evenpeny. Selico folented Mors. the parrnt, aperates...

Accounting
1.2K views

Please help answer the questions. b) Rapid Zoomer, a well-known...

Accounting
1.2K views

Respond to the following in a minimum of 175 words: Explain how activity-based costing differs...

Accounting
1.2K views

I need help finding the formula for rate of interest.