Question

    SELLING PRICE  PER UNIT 200

    OPERATING INCOME      42,000     IN 2018

    Variable expenses per unit: Direct Material $20
Direct Labour $50
Variable Manufacturing Overhead $10
Fixed expenses: Fixed Manufacturing Overhead $125,000
Fixed Selling Costs $75,000
Fixed Administrative Costs $100,000

CALCULATE THE NUMBER OF UNITS SOLD IN 2018 USING THE EQUATION METHOD.

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Accounting theory

Cost Analysis

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: A sales invoice included the following information: merchandise price, P5,000; freight, P900; terms ...

A: Net Purchases = Total purchases - Purchase return = P5,000 - P700 = P4,300

Q: Define what a corporation is, the types that exist and their characteristics.

A: Click to see the answer

Q: King Whiz manufactures premium food processors. The following are some manufacturing overhead data f...

A: Budgeted number of machine hours planned=Number of units planned×Machine hours required per unit=600...

Q: Now prepare a production budget for April, May, and June. Lugo Company Production Budget April, May,...

A: Production budget:- Production budget is the budget that is prepared by production companies for kno...

Q: Rakesh started business on 1st Jan 2018 and had not maintained any kind of books to record transacti...

A: Capital=Cash+Bank+Stock+Building+Furniture+Debtor-Creditor-Loan=8000+25000+20000+10000+2000+(2000+10...

Q: 4. A business operated at 100% of capacity during its first month, with the following results: Sa...

A: The cost can be classified into two categories i.e fixed cost and variable cost. The  FIxed cost rem...

Q: I need help. Are these correct? Thanks.

A: Descriptive Analytics: It is analytics in which historical data is considered to understand the chan...

Q: 1(3)Amended  Pharmos Incorporated is a Pharmaceutical Company which is considering investing in a ne...

A: Click to see the answer

Q: PROBLEM 2-24 Income Statement; Schedule of Cost of Goods Manufactured [L01, LO2, LO3, LO4]. Visic Co...

A: Raw materials: It is the basic input required to manufacture the finished products. The raw material...

Q: Simple Things Industries Ltd. Comparative Balance Sheet December 31, 2014 and 2013   2...

A: Following is the requisite comparative statement and cash flow statement

Q: Love Co. sold merchandise to Kind Co. on account, P35,000, terms 2/15, net 45. The cost of the merch...

A: Cost of goods sold less return=Cost of goods sold-Return=P 24,500-P1,700=P 22,800

Q: Before any year-end adjustments were made, the profit of Pedro Co. was P2,000,000. However, the foll...

A: Adjusting journal entry: To record any unrecognized income or expenses for the period company made a...

Q: The income and expense accounts of Rosie Corp. for the year ended 2019 are listed below. Sales 1,150...

A: Statement of owner's equity gives information about the changes in the owner's capital account. Owne...

Q: Prepare a complete statement of cash flows for 2014 using the indirect method using the information ...

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business dur...

Q: On January 1, 2018, Al-Kamel Inc. decides to invest in 5,000 shares of Safari stock. On July 15, 201...

A: Percentage of holding would be calculated on the proportion of Total Outstanding Shares.

Q: Icarus Airlines is proposing to go public, and you have been given the task of estimating the value ...

A: Cost of debt =8% Cost of equity =11% weight of debt =20% weight of equity =80% Wacc =weighted averag...

Q: Inventory Turnover The following data (in millions) were taken from recent annual reports of Tomato ...

A: Inventory turnover ratio is used to calculate the number of time inventory has been replaced by the ...

Q: Requirement 4. No preferred dividends are in arrears . Journalize the declaration of a $ 700,000 div...

A: Dividend distribution is a method of distributing profit among the stockholder of the organization. ...

Q: Camilo's property, with an adjusted basis of $304,000, is condemned by the state. Camilo receives pr...

A: Step 1: Compute Camilo's realized gain: Step 2: Compute Camilo's recognized gain: Camilo's recogniz...

Q: 2. explain the transfer pricing method that is used / can be used in this company. Explain the advan...

A:            Transfer pricing is the price at which different parties interact with each other . A tra...

Q: Synergy Inc. produces plastic grocery bags. Synergy has developed a static budget for the month of J...

A: Flexible budgets: Flexible budgets are prepared for various levels of activities or outputs. This en...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Comparative statement is the one that shows the variation between the amounts of balance sheet items...

Q: Performing services for cash will have the following effects on the components of the basic accounti...

A: The accounting equation refers to the equation of the balance sheet. It is based on the method of to...

Q: On its December 31, 2020, balance sheet, Post Co. reported its investment in financial asset @ fair ...

A: Following will be posted in the income statement at year end

Q: Beck Inc. and Bryant Inc. have the following operating data:   Beck Inc. Bryant Inc. Sales $326...

A: Operating leverage: It is calculated by dividing the contribution margin by the operating income of ...

Q: An accountant needs to withhold 17% of income for taxes if the income is below $30,000, and 23% of i...

A: Spreadsheet: A spreadsheet is a worksheet. It is used while preparing a financial statement. It is ...

Q: A portion of the work sheet of Sadie's Flowers for the year ended December 31 is as follows: (image ...

A: Click to see the answer

Q: Journal Entries – General FundSun City incurred the following transactions during the year. Prepare ...

A: General fund: General Fund is a fund created by the federal government to record all the inflows of ...

Q: PLEASE USE ACCOUNTS OUT OF THIS LIST: Accumulated Other Comprehensive IncomeAllowance for Investment...

A: Click to see the answer

Q: Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31,...

A: Contribution margin per unit = Unit selling price - Unit variable cost Break-even sales (units) = Fi...

Q: Scenario: The 2014 comparative balance sheet and 2014 income statement of Bradshaw and Fran Co Ltd, ...

A: As posted multiple independent questions we are answering only first question kindly repost the unan...

Q: Terrific Comfort Specialists , Inc. reported the following stockholders ' equity on its balance shee...

A: Par Value of share: Par value is a per-share amount that will appear on some stock certificates and ...

Q: Here is the partial work sheet for Eckland Stereo: (image below) Required: 1. Prepare a statement of...

A: Hello. Since your question has multiple sub-parts, we will solve the first three sub-parts for you. ...

Q: A company reports the following beginning inventory and two purchases for the month of January. On J...

A: Perpetual Inventory System:   Perpetual Inventory System refers to the inventory system that maintai...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: As posted multiple independent questions we are answering only first question kindly repost the unan...

Q: Mason Corporation had $1,027,000 in invested assets, sales of $1,215,000, operating income amounting...

A: Investment turnover: The investment turnover ratio compares the revenues produced by a business to i...

Q: Plotner Corporation has the following trading portfolio of stock investments as of December 31, 2019...

A: Definition: Investment refers to the acquisition of asset to generate income. Investment can be shor...

Q: The accounts in the ledger of Sterling Company contain the following balances on May 31, 2020. Cash ...

A: Trial Balance: Trial balance is a statement in which closing balance of all ledger accounts are tran...

Q: From the following Company A adjusted trial balance, prepare simple financial statements, as follows...

A: A)

Q: journalizing transactions and providing and ruling a journal

A: As you have posted multiple independent questions, we are answering the first question. Kindly repos...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Cash flow from operating activities are considered most important because they affect daily operatin...

Q: 10. A business operated at 100% of capacity during its first month, with the following results: S...

A: Contribution margin:   Contribution margin is a product's price minus all associated variable costs,...

Q: The 2014 comparative balance sheet and 2014 income statement of Byfield Co Ltd, have just been distr...

A: Cash flow statement: It is a statement which reports the cash inflows and outflows of a business dur...

Q: Direct Materials Purchases Budget Killingsworth Inc. budgeted production of 43,000 personal journals...

A: Budgeted Purchase = Budgeted production + Desired ending inventory - Beginning inventory Purchase bu...

Q: The 2014 comparative balance sheet and 2014 income statement of Simple Things Industries Ltd have ju...

A: (1) The table below shows the comparative balance sheet:

Q: Yancy's personal residence is condemned as part of an urban renewal project. His adjusted basis for ...

A: Part a: Realized Loss=Adjusted basis-proceeds=$572,600-$543,970=$28,630 Yancy's realized loss is $2...

Q: The 2014 comparative balance sheet and 2014 income statement of Simple Things Industries Ltd, have j...

A:     While preparing Cash Flow Statement as per Indirect Method, Net Profit/Loss for the period is us...

Q: Perpetual Inventory Using LIFO Beginning inventory, purchases, and sales data for prepaid cell phone...

A: Perpetual Inventory System:   Perpetual Inventory System refers to the inventory system that maintai...