Variable cost per unit is expected

Assignment Help Financial Accounting
Reference no: EM13792220

In 2014, X Company's profits were $158,000. In 2015, the selling price is expected to be $38.80, the variable cost per unit is expected to be $25.10, and total fixed costs are expected to be $190,000. How many units must X Company sell in 2015 in order to earn $10,000 more than it did in 2014?

Reference no: EM13792220

Questions Cloud

A single audit is required : A single audit is required of: A federal or nonfederal entity that receives more than $500,000 in a year. A nonfederal entity that received more than $100,000 in a year. Nonfederal entities that expend $500,000 or more in federal awards in a year.
Directed internal audit to perform specific annual reviews : The Audit Committee of a small manufacturing company that sells its products globally has directed internal audit to perform specific annual reviews to monitor manual journal entries, with a particular focus on potential man-agreement override activi..
Save by buying the part instead of making it : X Company is considering buying a part next year that they currently make. This year's total production costs for 3,200 units of this part were: If production next year is expected to be 3,600 units, how much can X Company save by buying the part ins..
Indifferent between modifying the product and not modifying : X Company is considering a modification to one of its main products next year that would make it more attractive to customers. As a result, X Company could increase the selling price by $2.02. However, fixed costs would increase to $16,110. At what u..
Variable cost per unit is expected : In 2014, X Company's profits were $158,000. In 2015, the selling price is expected to be $38.80, the variable cost per unit is expected to be $25.10, and total fixed costs are expected to be $190,000. How many units must X Company sell in 2015 in ord..
The revenue and variable cost relationships : In 2014, X Company's revenue was $224,550, its total variable costs were $85,050, and its fixed costs were $85,500. Assume that the revenue and variable cost relationships continue in 2015, but fixed costs increase by 19%. If the tax rate is 40%, wha..
Account analysis to estimate total overhead costs : X Company uses account analysis to estimate total overhead costs for each month. In May, when production was 900 units, the plant manager classified each overhead cost item as fixed and variable as follows:
Prepare a cash budget for the first quarter : Aaron Corporation is projecting a cash balance of $30,576 in its December 31, 2013, balance sheet. Aaron’s schedule of expected collections from customers for the first quarter of 2014 shows total collections of $179,758. Prepare a cash budget for th..
Acquiring shipley wireless : What special asset does Midland’s acquisition of Shipley Wireless identify? How should Midland Telecom account for this asset after acquiring Shipley Wireless?

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