Calculate company break-even sales in units

Assignment Help Financial Accounting
Reference no: EM132972913

Question - Company had the following functional income statement for 2020: Sales (30,000 units) $300,000

Cost of goods sold: Direct materials $30,000

Direct labor 22,500

Variable manufacturing overhead 18,750

Fixed factory overhead 20,000 91,250

Gross profit $208,750

Selling and administrative expenses: Variable $3,750

Fixed 10,000 13,750

Net income $195,000

Required - Calculate Company's break-even sales in units.

Reference no: EM132972913

Questions Cloud

Neutral messages travel in the digital era-e-mails : Name the channels through which typical positive and neutral messages travel in the digital era-e-mails, memos, and business letters-and explain how business le
Find par value of holdings : Pension funds pay lifetime annuities to recipients. If a firm remains in business indefinitely, the pension obligation will resemble a perpetuity. Suppose, ther
What is the minimum amount of capital required on mortgage : What is the minimum amount of capital required on the mortgage in order for the institution to be adequately capitalized? Assume a minimum capital ratio of 8%.
Provide an objective assessment of audit independence : Mark Calaway has been appointed as a junior auditor of West Accounting, Provide an objective assessment of whether audit independence can be achieved.
Calculate company break-even sales in units : Company had the following functional income statement for 2020: Sales (30,000 units) $300,000. Calculate Company break-even sales in units
How much will total spending increase : Suppose the government increases education spending by $30 billion. If the marginal propensity to consume is 0.96, how much will total spending increase?
Personality testing for hiring purposes : 1) Is it a good idea to use this kind of personality testing for hiring purposes? Why?
What is social listening : What is social listening and what are four strategies to improve social listening?
Compute the earnings per share measures : Compute the earnings per share measures for 2022. Common stock outstanding January 1, 2022, was 20,000 shares, and 35,000 shares were outstanding at December.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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