# 2024 – Minist Corporation sells a single product for 10 per unit Last year the company s sales

Homework – 2024

2024 – Minist Corporation sells a single product for 10 per unit Last year the company s sales.

Minist Corporation sells a single product for \$10 per unit. Last year, the company’s sales revenue was \$250,000 and its net operating income was \$42,000. If fixed expenses totaled \$83,000 for the year, the break-even point in unit sales was:

## >solen corporation&#8217

Solen Corporation’s break-even-point in sales is \$870,000, and its variable expenses are 75% of sales. If the company lost \$37,000 last year, sales must have amounted to:

## Net operating income

The Clyde Corporation’s variable expenses are 35% of sales. Clyde Corporation is contemplating an advertising campaign that will cost \$28,000. If sales increase by \$85,000, the company’s net operating income will increase by:

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Steeler Corporation is planning to sell 150,000 units for \$2.90 per unit and will break even at this level of sales. Fixed expenses will be \$93,000. What are the company’s variable expenses per unit?

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Darwin Inc. sells a particular textbook for \$38. Variable expenses are \$30 per book. At the current volume of 59,000 books sold per year the company is just breaking even. Given these data, the annual fixed expenses associated with the textbook total:

## >frank corporation manufactures

Frank Corporation manufactures a single product that has a selling price of \$30.00 per unit. Fixed expenses total \$66,000 per year, and the company must sell 5,500 units to break even. If the company has a target profit of \$16,500, sales in units must be:

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Kendall Company has sales of 2,375 units at \$40 a unit. Variable expenses are 20% of the selling price. If total fixed expenses are \$66,000, the degree of operating leverage is:

## Cement manufacturer

A cement manufacturer has supplied the following data:

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 Tons of cement produced and sold 310,000 Sales revenue \$1,014,000 Variable manufacturing expense \$239,000 Fixed manufacturing expense \$334,000 Variable selling and administrative expense \$186,880 Fixed selling and administrative expense \$100,000 Net operating income \$154,120

## Contribution margin ratio

The company’s contribution margin ratio is closest to:

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A manufacturer of tiling grout has supplied the following data:

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 Kilograms produced and sold 430,000 Sales revenue \$1,880,000 Variable manufacturing expense \$947,000 Fixed manufacturing expense \$240,000 Variable selling and administrative expense \$343,000 Fixed selling and administrative expense \$206,000 Net operating income \$144,000

## Contribution margin ratio

The company’s contribution margin ratio is closest to:

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 Gilpatric Corporation produces and sells two products. In the most recent month, Product Q71M had sales of \$36,000 and variable expenses of \$9,440. Product V04P had sales of \$57,000 and variable expenses of \$18,460. The fixed expenses of the entire company were \$37,030. The break-even point for the entire company is closest to: (Round your intermediate calculations to 2 decimal places and final answers to the nearest dollar amount.)

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