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The following is Addison Corporation's contribution format income statement for last month:
Sales ....................$1,000,000Variable expenses........... 700,000
Contribution margin......... 300,000Fixed expenses.............. 180,000
Net operating income........ 120,000
The company has no beginning or ending inventories. A total of 20,000 units were produced and sold last month.
How many units would the company have to sell to attain the target profit of $150,000?
a. 25,000
b. 26,667
c. 22,000
d. 37,500
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Greenspan Company management predicts $500,000 of variable costs, $800,000 of fixed costs, and a pretax income of $100,000 in the next period. Management also predicts that the contribution margin per unit will be $60.
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ABC Company has a beginning Work-in-Process Inventory of 25,000 units (40% complete). During the period, 110,000 units were started and the ending Work-in-Process Inventory consisted of 20,000 units (80%). What are the equivalent units for convers..
Some accountants hold the view that each interim period should stand alone as a basic accounting period, whereas others view each interim period as essentially an integral part of the annual period. Distinguish between these views.
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