Compute number of units of leisure that company must sell

Assignment Help Accounting Basics
Reference no: EM132097881

Question - Golden Rays, LLC, manufactures and sells two types of sunglasses, Sport and Leisure. Data concerning these products are as follows:


Sport

Leisure

Unit Selling Price

$20

$35

Contribution Margin Percentage

40%

30%

Sixty percent of the unit sales are Sport and annual fixed expenses are $45,000. Assuming that the sales mix remains constant, the number of units of Leisure that the company must sell to make a target profit of $67,500 is:

A. 1,000

B. 6,250

C. 5,000

D. 2,500

E. 3215

Reference no: EM132097881

Questions Cloud

How the sensors communicate with the app and the hardware : In this project work, it is expected to show the things that is expected to be energy efficient in the smart home, the name and Type of sensors used
What is financial statement analysis : What is financial statement analysis and what are its objectives? Explain why the identified information is relevant to the stakeholder
Create a frequency distribution and sketch the histogram : Create a frequency distribution and Sketch the histogram, based on your answer in 1: 3. Create stemplot
Create an instance of the frame : In this program, you are going to read in a file, and you are going to parse it onto a stack and determine if it is syntactically correct.
Compute number of units of leisure that company must sell : Assuming that the sales mix remains constant, the number of units of Leisure that the company must sell to make a target profit of $67,500 is
Write down a c program to generate a matrix of integers : Write down a C program to generate a matrix (2-D Array) of integers in the range 1 to 100.
What do you expect your monthly operating costs tobe : When the apartments are 90% occupied, monthly operating costs total $200,000. If this happens, what do you expect your monthly operating costs tobe
Write a program to determine which customers must be served : Write a program to determine which customers must be served from each field stations.
What is the value of ending inventory under variable costing : Peachtree Company manufactures peach jam. Because of bad weather, its peach crop was small. What is the value of ending inventory under variable costing

Reviews

Write a Review

Accounting Basics Questions & Answers

  Calculate the manufacturing overhead cost

Calculate the manufacturing overhead cost per metal casement manufactured during the period. Round your answer to the nearest cent.

  Prepare the static budget operating income in contribution

Compute and reconcile the sales volume variance for August. Indicate whether the variance is favorable or unfavorable.

  Sinatra industries inc uses a job order cost system the

sinatra industries inc. uses a job order cost system. the following data summarize the operations related to production

  In comparing the canceled checks on the bank statement with

1.the following journal entry is necessary upon discovery of a nsf check during a bank reconciliationa. accounts

  Record the given transactions for the month of June

You will record the transactions listed below for the month of June. Make a backup copy of the company file and name it OWS2

  Prepare journal entry to record bonus owed to its workers

A car is sold for $15,000 on June 1, 2011, with a one-year warranty on parts. Warranty expense is estimated at 1.5% of selling price at each calendar.

  Determining unamortized bond discount

Moon uses the effective interest method of amortizing bond discount. Interest is payable annually on June 30. At June 30, 2004, Moon's unamortized bond discount should be

  Elgin battery manufacturers had sales of 1000000 in 2009

elgin battery manufacturers had sales of 1000000 in 2009 and their cost of goods sold represented 70 percent of sales.

  Prepare adjusting entries that should be made by ezra inc

Prepare the adjusting entries that should be made by Ezra Inc. on December 31 if they were following the requirements of accrual accounting.

  How much ordering andreceiving overhead assigned to product

Direct labor hours used on each product are 50,000for A1, 40,000 for B2, and 110,000 for C3. How much ordering andreceiving overhead is assigned to each product?

  Prepare the journal entry for arness to record the sale

Arness estimates the fair value of the recourse liability to be $9,060. Prepare the journal entry for Arness to record the sale

  A company is considering two alternative technologies for

a company is considering two alternative technologies for manufacturing a product. the cost data are shown below. a. fc

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