Find the targeted number of sales in luxury cars

Assignment Help Managerial Accounting
Reference no: EM133153025

Question - Find the targeted number of sales in luxury cars for Fairly Honest Motors if the variable cost per car is $43,750, the selling price per car is $64,900 and the fixed costs are $1, 183, 800 and the company wishes to make $3,300,000 in profit. Work must be shown for credit.

If variable costs increase TO $44, 000 but the FC are decrease To $984,500, will the Really Honest Motors have to sell more, less or the same number of cars to achieve the desired profit? Show your work to prove your decision.

Reference no: EM133153025

Questions Cloud

How to detect and find the most influential features : Describe how to detect and find the most influential features that distinguish a stable power consumption region from an unstable one
Why adjusting brand is important in international market : Explain in your own words, why adjusting the brand is important in an international market.
Prepare a production budget in units only : Mielle's Company has forecasted sales for its product to be 10,000 units for September, 12,000 units for October, Prepare a Production Budget in units only
What are the key characteristics of tps : What are the key characteristics of TPS? What are some of the challenges faced by organizations trying to implement TPS
Find the targeted number of sales in luxury cars : Find the targeted number of sales in luxury cars for Fairly Honest Motors if the variable cost per car is $43,750, the selling price per car is $64,900
How many units must smith company sell to breakeven : How many units must Smith Company sell to breakeven if the selling price per unit is $876.50, variable costs are $600.00 per unit for manufacturing cost
Conduct a strategic planning process : 1. Companies should conduct a strategic planning process. Describe this process highlighting what you think is the most important part of it.
What are the key features of organisational policies : Question - What are the key features of organisational policies and procedures relating to operating a computerised accounting system
Overall success of an athletic team : 1. Respond to each of the following statements. Give specific examples or reasoning in your responses.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Calculate the amount of impairment and restructuring charges

Calculate the amount of the impairment and restructuring charges Checkpoint reported in 2004 and 2003. Discuss why the firm reported earnings

  Which method is used to compute its net cash provided

1.Refer to Polaris statement of cash flows in Appendix A.

  How many units of each dish type must the restaurant sell

Assuming that the restaurant maintains a consistent sales mix, how many units of each dish type must the restaurant sell to break even

  Calculate the sales mix for the three products

The variable selling of the MINI will increase by $8. Fixed cost for the company are said to be $245,784. Calculate the sales mix for the three products

  What is the amount for the company current liabilities

What is the most likely amount for the company's current liabilities? Revenue received in advance $12,000. Loan Payable in 6 months $4,400

  Management is challenging however dealing with people is

management is challenging. however dealing with people is probably the most difficult thing we will ever encounter in

  What total operating costs would expect the company

Assume that the occupancy rate increases to 60% during November. What total operating costs would you expect the company to incur during November?

  What are the march direct labour variances

What are the March direct labour variances? Based on these data, how many kilograms of material were used in the production of Terrgam during March?

  Compute the cost of direct materials for cotton white

Compute the cost of direct materials for Cotton White. Compute the cost of manufacturing overhead for Cotton White. Compute the cost of direct labor

  What benefits would be derived from using hedge device

Given the circumstances surrounding Ibrahim's current investment position, what benefits would be derived from using puts as a hedge device

  Find what steps should be taken to fix the problem

Since this is the first time you have ever done this, is this a problem? If so, what steps should be taken to fix this problem? If not, why not?

  Calculate the ending balance of the manufacturing overhead

Calculate the ending balance of the Manufacturing Overhead account for November and indicate the balance of the Work in Process account at the end of November.

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