Calculate how many units chuck must sell to meet its monthly

Assignment Help Accounting Basics
Reference no: EM131827487

Problem - Chuck's Trucks, Inc. manufactures radio-controlled toy trucks. The CFO has determined that the company needs to have monthly profits of $26,000 in order to pursue growth opportunities into new product lines. She has asked you to calculate how many units Chuck's must sell to meet this target.

Chuck's April production activity information is provided below.

Chuck's Trucks, Inc., April Production Activity:

Direct Materials $20 per unit

Direct Labor $9 per unit

Variable Overhead $5 per unit

Fixed Overhead $10 per unit

Variable Selling $1 per unit

Fixed general and administrative $7 per unit

Units produced 10,000 per month

Units in beginning finished goods -

Units sold 9,000

Selling price $70 per unit

Target Profit $26,000 per month

Calculate how many units Chuck's must sell to meet its monthly?

Reference no: EM131827487

Questions Cloud

Define capabilities of a typical health care operation : Consider the support capabilities of a typical health care operation and where employees may access data of various types related to patient needs.
What are some types of examples : What are some types of examples whether from other people or outside influences that have influence the development of self?
Should unemployment regulations and benefits be changed : Create a brief research evaluation checklist to help you determine what makes a good source for your essay.
Explain the key questions audience needs : Identify and explain the key questions your audience needs to have answered. Next, describe where you will look to find the answers
Calculate how many units chuck must sell to meet its monthly : Chuck's Trucks, Inc. manufactures radio-controlled toy trucks. Calculate how many units Chuck's must sell to meet its monthly
How the changes may impact operations and budgets : Interdepartmental interaction, communications, team building activities and conflict resolution techniques, ethics and workplace diversity programming.
How do microbes affect your life daily in a positive way : How do microbes affect your life daily in a positive or negative way? How would you explain what a protozoan is to a 5 year old child?
Create a strategy for communicating change : Create a strategy for communicating change at Westwood Publishing that you could give to Bosworth.
Topic choice and database research : "Topic Choice and Database Research" Please respond to the following: Topic of choice: Should regulations regarding payment of college athletes be changed?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Cash flows of the lombardo company

The following is a list of the items for the 2010 statement of cash flows of the Lombardo Company:

  Set up a spreadsheet to calculate the total amount of divide

Notice the use of the IF function. The IF function looks like =IF (condition, true, false). To use the IF function; first describe a certain condition to Excel. Next indicate the desired result if that condition is found to be true. Finally, indicate..

  How would the government account for the unused bond proceed

How would the government account for the unused bond proceeds? Which of the following funds is used to account for the payment of principal and interest of general long-term debt of a government?

  Evaluation of strength of non profit organization

Why is this an important ratio to use for evaluation of the viability and strength of a non profit organization

  On the accompanying chart indicate the effect of each of

year-end inventory cutoff abel companys business year ends on december 31. listed below are purchase transactions which

  Preparing for a second interview with manufacturing company

Assume that you are preparing for a second interview with a manufacturing company. The company is impressed with your credentials but has indicated that it has several qualified applicants.

  Hinshaw company purchased a new machine on october 1 2014

hinshaw company purchased a new machine on october 1 2014 at a cost of 87200. the company estimated that the machine

  What is the entry to record the activity

A replacement was made to the HVAC of a building the MNO owns. The HVAC consisted of 10 units on the roof. What is the entry to record the activity?

  At december 31 2012 trafalgar corporation had a defined

1. zephyr plc amends its defined pension plan on january 1 2012 resulting in pound420000 of past service cost. the

  A company believes it can sell 5000000 of its proposed new

a company believes it can sell 5000000 of its proposed new optical mouse at a price of 11.00 each. there will be

  Direct costing method

The Tijama Manufacturing Company has determined the cost of manufacturing a unit of product to be as follows, based on normal production of 50,000 units per year: Direct materials $20.00 Direct labor 15.00 Variable factory overhead 10.00 $45.00 Fi..

  Miller engine research is expanding its research and

miller engine research is expanding its research and production capacity to introduce a new line of fuel technology for

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