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Towards the end of the year, the president of Company Y looks at the preliminary numbers for operating profit and doesn't like what he sees. He's "promised" the board of directors that operating profit for the year will come in at $4,850,000. In fact, his bonus depends on hitting that operating profit target. There is still time before the end of the year to crank up production output for the year. Therefore, he orders that production output be stepped up. The president asks you to determine what the production output level for the year would have to be in order to report $4,850,000 operating profit for the year. Of course, you have ethical qualms about doing this, but you need the job. So, you reluctantly decide to do the calculation. Determine the production output level that would yield $4,850,000 operating profit for the year.
Company Y
Company Z
Operating Profit Report for Year
Per Unit
Totals
Sales volume, in Units
500,000
2,000,000
Sales Revenue
$85.00
$42,500,000
$25.00
$50,000,000
Cost of Goods Sold Expense (see below)
-56
-28,000,000
-18.45
-36,900,000
Gross Margin
$29.00
$14,500,000
$6.55
$13,100,000
Variable Operating Expenses
-12.5
-6,250,000
-2.5
-5,000,000
Contribution Margin
$16.50
$8,250,000
$4.05
$8,100,000
Fixed Operating Expenses
-7,500,000
Operating Profit
$3,250,000
$600,000
Manufacturing Activity Summary for Year
Annual Production Capacity, in Units
800,000
2,500,000
Actual Output, in Units
Raw Materials
$15.00
$7,500,000
$7.50
$18,750,000
Direct Labor
20
10,000,000
2.75
6,875,000
Variable Manufacturing Overhead Costs
5
12,500,000
Total Variable Manufacturing Costs
$40.00
$20,000,000
$15.25
$38,125,000
Fixed Manufacturing Overhead Costs
16
8,000,000
3.2
Product Cost and Total Manufacturing Costs
$56.00
$28,000,000
$18.45
$46,125,000
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