Determine the sales volume in units

Assignment Help Accounting Basics
Reference no: EM132558302

Question - Munoz Company incurs annual fixed costs of $138,520. Variable costs for Munoz's product are $31.00 per unit, and the sales price is $50.00 per unit Munoz desires to earn an annual profit of $53,000.

Required - Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit.

Reference no: EM132558302

Questions Cloud

What is the fair value of bond : The interest amount for the first year is Rs. 40 and the interest amount will increase by 0.25% every year subsequently. What is the fair value of bond?
Find what is the effect of a stock split : What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share when the stock split is declared?
Create the strategic plan : Create the Final Strategic Plan. The Final Strategic Plan contains the elements of all the previous weeks' components and incorporates instructor feedback.
Prepare journal entries for compound financial instrument : Prepare journal entries for this compound financial instrument for the year ending December 31, 2017, under (1) IFRS and (2) U.S. GAAP
Determine the sales volume in units : Use the per unit contribution margin approach to determine the sales volume in units and dollars required to earn the desired profit
How does decision affect the working capital requirement : Which will reduce the conversion time to 1.5 days. If the firm decides to buy the machines, how does this decision affect the working capital requirement?
What is edwards recognized gain on this transaction : Joyce and Edward received no other property then the Lair stock. What is Edward's recognized gain on this transaction
How much in taxes will save : If Michael contributes $1000 into his IRA today, how much in taxes will he save. If this contribution grows to $10,000 after he retires
Project integration management assignment : Project Integration Management Assignment Help and Solution - create accurate project management documentation

Reviews

Write a Review

Accounting Basics Questions & Answers

  Monitor company has other operating expenses of 250000

monitor company has other operating expenses of 250000. there has been an increase in prepaid expenses of 15000 during

  What is samantha adjusted basis in new truck she receieves

Samantha exchanges a truck used in her business with Phyllis for another truck. The basis of Samantha's old truck is $25,000, FMV is $33,000, and she gives Phyllis cash of $7,000. Phyllis's basis in her truck is $35,000 and its FMV is $40,000. Wha..

  Prepare adjusting entries as of december

On November 1, the company rented space to another tenant for $2,718 per month. Use the information to prepare adjusting entries as of December 31, 2009

  Spot-money and bond markets

Expalin how Wal-Mart could use the international bond market to finance the establishment of new outlets in foreign markets.

  Compute pension expense and prepare the journal entry

Compute pension expense and prepare the journal entry to record pension expense and the employer's contribution to the pension plan in 2010.

  What could have caused the recalculated amounts

Assuming no calculation errors were made by either individual, what could have caused the recalculated amounts to be different from the original amounts

  Discuss what tax issues should peter consider

South has not done well this year and will report an ordinary loss of $375,000. What tax issues should Peter consider with respect to the loss

  Explain what is meant by transaction analysis reply to this

1. describe what is meant by transaction analysis. 2. reply to this response in format of conversation. this is a class

  If a corporation has only one class of shares

If a corporation has only one class of shares, they typically are labeled common shares. Indicate the ownership rights held by common shareholders, unless specifically withheld by agreement.

  Nabor industries is considering going public but is unsure

nabor industries is considering going public but is unsure of a fair offering price for the company. before hiring an

  How much overhead should be applied to that job

Benjamin Products uses job order costing and assigns overhead to specific jobs using direct labor hours. During the month of June, a total of 5,000 direct labor hours at a cost of $16 per hour were incurred for all jobs. Actual overhead costs f..

  Does culture of a firm get reflected in appetite for risk

Initial Survey and Engagement Development Based upon your initial reading of articles and the Annual Report (WalMat Annual Report of 2011).

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