Sales must be made to produce the target income

Assignment Help Financial Accounting
Reference no: EM131212017

Watson Company has monthly fixed costs of $89,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,600, what dollar amount of sales must be made to produce the target income? $261,500 $104,600 $222,500 $39,000 $183,500

Reference no: EM131212017

Questions Cloud

What tax factors should bridgette consider : Bridgette is known as the “doll lady.” She started collecting dolls as a child, always received one or more dolls as gifts on her birthday, never sold any dolls, and eventually owned 600 dolls. She is retiring and moving to a small apartment and has ..
Cash versus accrual bases of accounting : Cash versus Accrual Bases of Accounting. The following events occurred at VG Consulting during the most recent month. For each event, determine the revenue or expense under the cash and accruall basis of accounting.
What are some of the key characteristics of an embedded os : What are some typical requirements or constraints on embedded systems?
What is the value of the ending inventory of product : Webster Company produces 35,000 units of product A, 30,000 units of product B, and 14,500 units of product C from the same manufacturing process at a cost of $385,000. A and B are joint products, and C is regarded as a by-product. What is the value o..
Sales must be made to produce the target income : Watson Company has monthly fixed costs of $89,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,600, what dollar amount of sales must be made to produce the target income?
How much of the above costs represent direct materials cost : The Childers Company manufactures widgets. During the fiscal year just ended, the company incurred prime costs of $1.5 million and conversion costs of $1.8 million. Overhead is applied at the rate of 200% of direct labor cost. How much of the above c..
Using the weighted-average method : A company's beginning Work in Process inventory consisted of 24,000 units that were 90% complete with respect to direct labor. A total of 94,000 were finished during the period and 29,000 remaining in Work in Process inventory were 60% complete with ..
The modified units to make it worthwhile to modify them : Elmwood, Inc. currently sells 12,700 units of its product per year for $107 each. Variable costs total $82 per unit. Elmwood’s manager believes that if a new machine is leased for $200,025 per year, modifications can be made to the product that will ..
What does it mean if a task has negative laxity : Suppose a task currently has a laxity of t. By how long may the scheduler delay starting this task and still meet its deadline?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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