What is required sales in dollars for company to meet target

Assignment Help Financial Accounting
Reference no: EM13753824

Mozena Corporation has collected the following information after its first year of sales. Sales were $1,590,000 on 106,000 units; selling expenses $256,000 (39% variable and 61% fixed); direct materials $517,000; direct labor $296,000; administrative expenses $276,000 (19% variable and 81% fixed); manufacturing overhead $356,000 (69% variable and 31% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.

The company has a target net income of $206,000.

What is the required sales in dollars for the company to meet its target? (Use the contribution margin ratio calculated in the previous part. Round answers to 0 decimal places, e.g. 1,750.)

Reference no: EM13753824

Questions Cloud

What is network neutrality : What is network neutrality? Why has the Internet operated under net neutrality up to this point in time
Identify the ethical issue and the stakeholders : The management of the Auto Parts Division of the Santana Corporation receives a bonus if the division's income achieves a specific target. For 2013 the target will be achieved by a wide margin. Identify the ethical issue and the stakeholders. Stakeho..
What is mccarthyism : What is McCarthyism? What was the Truman Doctrine? What is the significance of the sinking of the USS Maine? What was the sinking of the Lusitania?
Major medical health insurance plan : Becky’s comprehensive major medical health insurance plan at work has a deductible of $750. The policy pays 85 percent of any amount above the deductible. While on a hiking trip, Becky contracted a rare bacterial disease. Her medical costs for treatm..
What is required sales in dollars for company to meet target : Mozena Corporation has collected the following information after its first year of sales. Sales were $1,590,000 on 106,000 units; selling expenses $256,000 (39% variable and 61% fixed); direct materials $517,000; direct labor $296,000; administrative..
What make the world flat - technology drivers : What make the world flat - technology drivers, business drivers
Explain characteristics unique to object-oriented programing : The machine language treats a message as bits while object-oriented programming language treats every message as an object. Do you agree with this statement? Why or why not? Explain the characteristics unique to object-oriented programming and how..
Explain characteristics unique to object-oriented programing : The machine language treats a message as bits while object-oriented programming language treats every message as an object. Do you agree with this statement? Why or why not? Explain the characteristics unique to object-oriented programming and how..
Swot analysis on the viability of upgrading : Assignment: Preparing for a Company-Wide Migration to Windows 8, Develop a SWOT analysis on the viability of upgrading to Windows 8 for the organization as a whole

Reviews

Write a Review

 

Financial Accounting Questions & Answers

  Make a flexible budgeted income statement

Make a Flexible Budgeted Income Statement using Variable costing and Budgeted Income Statement and Flexible Budgeted Income Statement Variable Costing , Variance Analysis

  Prepare necessary general journal entries - ending december

Prepare all necessary general journal entries for the year ending December 31, 2009 in an excel sheet. Include supporting calculations of all amounts in a separate schedule.

  Calculation of average issue price

Calculation of average issue price and sale price of common stock and prepare balance sheet of Herman Corporation on December 31, 2008

  What is the total debt ratio

Leverage. A firm has a long-term debt-equity ratio of .4. Shareholders' equity is $1 million. Current assets are $200,000, and the current ratio is 2. The only current liabilities are notes payable. What is the total debt ratio?

  How choice of depreciation method affects reported profits

Demand and rental revenues for vans are relevantly consistent through the vehicle life, regardless of condition or appearance. The vans are disposed of only when they are completely worn out. The vans are generally completely worn out once they ha..

  Analyze weaknesses and financial strengths of the company

Analyzing the weaknesses and financial strengths of the company

  Prepare a dcf analysis on amdmiddot ultimate goal is for to

prepare a dcf analysis on amdmiddot ultimate goal is for to determine a range of implied amd share price you believe is

  Pricing practices of usa airlines violate any anti-trust law

USA Airlines is a major airline carrier for both domestic and international travel. The company guarantees the “lowest price” ticket for travel within the United States. In order to get the lowest price airfare, the customer needs to book a flight wi..

  Ridge tool has on its books the amounts and specific after

ridge tool has on its books the amounts and specific after tax costs shown in the following table for each source of

  What is the justification for using backflush costing

What are some accounting changes that a firm should make if it decides to implement a JIT inventory management system? Why are those changes necessary and what is the justification for using backflush costing

  Compute material price and quantity variances

Compute material price and quantity variances. Do either or both of the variances warrant investigation? Explain

  Journalizing and reporting bond transactions

The semiannual interest dates are May 31 and November 30. The bonds are issued on July 31, 2012, at par plus accrued interest.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd