Projected net income for 2014. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500. Units to be sold are 22,000 units. Tax rate is 40%.

Question

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Answer 1

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

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Answer 2

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Expert Solution & Answer

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Answer 3

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 5

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Answer 6

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

Answer 7

Chapter 3, Problem 3.36P

1.

To determine

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

Answer 8

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Answer 9

2.

To determine

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Answer 10

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

Answer 11

3.

To determine

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

Answer 12

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Answer 13

4.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Answer 14

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

Answer 15

5.

To determine

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

Answer 16

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Answer 17

6.

To determine

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.

Answer 18

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Answer 19

Expert Solution & Answer

Answer 20

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Check out a sample textbook solution

See solution

Answer 21

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Projected net income for 2014. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500. Units to be sold are 22,000 units. Tax rate is 40%.

To compute: Projected net income for 2014. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500. Units to be sold are 22,000 units. Tax rate is 40%.

To compute: Break-even points in units. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $214,500.

To compute: Net income for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Revenue target is $875,000 or 25,000 bowls Fixed costs are $231,000($214,500+$16,500). Tax rate is 40%.

To compute: Break-even points in units for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $231,000($214,500+$16,500).

To compute: Budgeted revenue for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are $231,000($214,500+$16,500). Net income is equal to the net income of 2017 which is $89,100. Tax rate is 40%.

To compute: Break-even points in units for 2015. Given information: Selling price per unit is $35. Variable cost per unit is $18.50. Fixed costs are ($214,500+Advertising expense). Net income is $108,450. Expected sales are 25,000 units. Tax rate is 40%.

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Chapter 3 Solutions

To compute: Projected net income for 2014.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

Units to be sold are 22,000 units.

Tax rate is 40%.

To compute: Break-even points in units.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $214,500.

To compute: Net income for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Revenue target is $875,000 or 25,000 bowls

Fixed costs are $231,000($214,500+$16,500).

Tax rate is 40%.

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

To compute: Budgeted revenue for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are $231,000($214,500+$16,500).

Net income is equal to the net income of 2017 which is $89,100.

Tax rate is 40%.

To compute: Break-even points in units for 2015.

Given information:

Selling price per unit is $35.

Variable cost per unit is $18.50.

Fixed costs are ($214,500+Advertising expense).

Net income is $108,450.

Expected sales are 25,000 units.

Tax rate is 40%.