User Account

All Pages

Calculate the number of units that would have to be sold

Assignment Help Managerial Accounting
Reference no: EM132507200

Johansen Company had $210,000 of operating income in 2020, when the selling price per unit was $161, the variable costs per unit were $111, and the fixed costs were $415,000. Management expects per-unit data and total fixed costs to remain the same in 2021. The president of Johansen Company is under pressure from shareholders to increase operating income by $70,000 in 2021.

Question A) Calculate the number of units sold in 2020.

  • Units sold . ( 12500) units

Question B) Calculate the number of units that would have to be sold in 2021 to reach the shareholders' desired profit level. (Round answer to 0 decimal places, e.g. 125.)

  • Target Sales ( 13900) units

Question C) Assume that Johansen Company sells the same number of units in 2021 as it did in 2020. What would the selling price have to be in order to reach the shareholders' desired profit level? (Round answer to 2 decimal places, e.g. 15.25.)

Reference no: EM132507200

Questions Cloud

What is the npv of the proposed project : If the corporate tax rate is 36%, what is the NPV of the proposed project for this firm? (Answer to the nearest dollar, but do not use a dollar sign).
Determine the required sales to meet target operating income : Determine the required sales to meet the target operating income during 2020. Jagswear Inc. earned operating income of $81,000 during 2020.
Calculate the var and es for a confidence level : The change in the value of a portfolio in one month is normally distributed with a mean of zero and a standard deviation of $2 million.
Identify four of an investors circumstances : Identify four of an investors' circumstances that should be monitored periodically, and briefly discuss an example for each.
Calculate the number of units that would have to be sold : What would the selling price have to be in order to reach the shareholders' desired profit level? (Round answer to 2 decimal places, e.g. 15.25.).
What are the major factors that must be addressed : When considering performance management practice for expatriate managers, what are the major factors that must be addressed? Do these differ for expatriate.
Explain qualitatively and quantitatively : Explain qualitatively and quantitatively (in as much detail as possible) the source(s) of any underapplied or overapplied overhead cost.
Calculate the expected return on the stock : Suppose that the next S&P500 return will be 7%. Use the CAPM model to calculate the expected return on the stock A. Assume the risk-free rate of 1%.
Describe the quality improvement and risk management : Do a web search on daily living in the 1890s. In the discussion compare how transportation, living conditions, working conditions, wages, and cost of living as.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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