Compute the dollar sales to earn target pre-tax net income

Assignment Help Managerial Accounting
Reference no: EM132746732

Question - Flannigan Company manufactures and sells a single product that sells for $450 per unit; variable costs are $300. Annual fixed costs are $870,000. Current sales volume is $4,200,000. Flannigan Company management targets an annual pre-tax income of $1,125,000. Compute the dollar sales to earn the target pre-tax net income.

a. $5,640,000.

b. $5,990,990.

c. $3,378,378.

d. $2,991,004.

e. $2,612,613.

Reference no: EM132746732

Questions Cloud

What are total costs of each revenue-generating department : Using the direct method, allocate the support department costs to the revenue-producing departments. What are total costs of each revenue-generating department
Calculate the cycle time and the flow rate : An activity is performed at four parallel processing stations and has a processing time of 40 minutes. Calculate the cycle time and the flow rate
Terms of cybersecurity in the world : There is always something new going on in terms of cybersecurity in the world. Academic research journals, by the nature of their process,
User names and passwords : Why are usernames considered just as important as passwords?
Compute the dollar sales to earn target pre-tax net income : Flannigan Company management targets an annual pre-tax income of $1,125,000. Compute the dollar sales to earn the target pre-tax net income
Causes of network threats to individual privacy : What do you see as the primary causes of network threats to an individual's privacy?
Calculate the cost-bike manufactured during the year-ended : They completed the production of 15,000 bikes and sold a total of 15,250 bikes. Calculate the cost/bike manufactured during the year-ended 2000
Statements can affect validity of argument : As a critical thinker, it is important to understand the elements of an argument and how certain types of statements can affect the validity of an argument.
Describe cost-benefit analysis for your recommendation : Describe cost/benefit analysis for your recommendation. Document any lessons learned from a technology, team, infrastructure and process maturity perspectives

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Determine what are the per unit variable costs

The variable costs per unit are $5 when total output is 8,000 units. What are the per unit variable costs when the company produces 10,000 units?

  Determine and calculate the new residual income

Determine and Calculate the new residual income if sales increase by 15% and the profit margin and invested assets remain the same.

  What does the term working capital refer to

Assume a company pays income taxes. How are revenue and expense cash flows adjusted for income taxes when calculating the net present value?

  Calculate the material cost variance

Calculate Material Cost variance, Material Price variance, Material Usage Variance. The information is available for the month of August 2018

  What amount of setup cost assigned to the steel bars will be

Overhead rate based on direct labor hours is used to allocate overhead costs to the two products, the amount of setup cost assigned to the steel bars will be

  Determine the number of units in the sales budget

MHM is considering the relevance of inventory levels. The number of units in the sales budget and the production budget may differ because of a change in

  Find the cost analysis such as fixed costs

Find the Cost analysis such as fixed costs, variable costs, sales per unit, contribution per unit, break-even point and margin of safety of Unilever company

  Calculate break even sales volume and margin of safety

Golden Company operates a nationwide chain, Calculate break even sales volume (in bottles) and margin of safety (in %) for each type of machine.

  Determine what do the metrics tell about company performance

Compute What do the metrics tell you about the company's performance? Support your answer by explaining the results from your assessment.

  What is the company cost to produce gallons of product

What is the company's cost to produce 1,300 gallons of product B? Arkansas Corporation manufactures liquid chemicals A and B from a joint process.

  Calculate the investment turnover for the period

Calculate the investment turnover (rounded) for the period. Richard's Division of Richard and Sons has the data related to a particular period

  Make the transaction for silva corporation

Make the transaction for Silva Corporation. The unrealized gain on available-for-sale security and income before income taxes are both subject to a 25% tax rate

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