The unit sales to attain that target profit is closest

Assignment Help Financial Accounting

Reference no: EM131291922

Mancino Manufacturing produces and sells a single product whose selling price is $120.00 per unit and whose variable expense is $37.20 per unit. The company's monthly fixed expense is $356,040.

Assume the company's target profit is $14,000. The unit sales to attain that target profit is closest to:

a. 3,084 units

b. 4,469 units

c. 5,833 units

d. 9,947 units

Reference no: EM131291922

Questions Cloud

The additional paid-in surplus account : The 2014 balance sheet of Jordan’s Golf Shop, Inc., showed $510,000 in the common stock account and $3.6 million in the additional paid-in surplus account. The 2015 balance sheet showed $545,000 and $3.85 million in the same two accounts, respectivel..

Using the aging of accounts receivable method : Web Wizard, Inc. has provided information technology services for several years. The company uses the percentage of credit sales method to estimate bad debts for internal monthly reporting purposes. At the end of each quarter, the company adjusts its..

Prepare a balance sheet for the last day of the first month : Smith and Jones start a business to build custom bicycles. Smith invests personal funds of $25,000 and Jones invests $20,000. Grandma Smith loaned the company $5,000 with to be cashed out after one year for $6,000. They agreed that ownership would be..

Depreciation table under the straight-line method : On January 2, 2015, Jatson Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $80,000 with an estimated residual value of $5,000. A-1. Prepare a complete depreciation table under the straight..

The unit sales to attain that target profit is closest : Mancino Manufacturing produces and sells a single product whose selling price is $120.00 per unit and whose variable expense is $37.20 per unit. The company's monthly fixed expense is $356,040. Assume the company's target profit is $14,000. The unit ..

Calculate the total cost and the unit cost : The Mahoney Company has two producing departments: Assembly and Finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year: Assume that Mahoney use..

Journal entry to record the allocation of any underapplied : Donuts Inc. has provided the following data for the month of July. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month. The journal entry..

What is the adjusted bank balance at november : The ending bank statement balance at November 30 is $6,750. The bank statement shows a service charge of $65?, electronic funds receipts of? $500, and a NSF check for? $350. Deposits in transit total $2,050 and outstanding checks are $1,335. The bala..

Utilizing the five steps for conducting tax research : Since the 1950s, companies have seen the advantage of operating in various countries as multinational corporations (MNCs), and today, almost all large companies are considered to be an MNC. Once again, the MNC is under scrutiny by authorities for try..

User Account

All Pages