Manzoni Machine Works produces soft serve ice cream freezers. The freezers sell for $18,000, and variable costs
Question:
Manzoni Machine Works produces soft serve ice cream freezers. The freezers sell for $18,000, and variable costs total $12,300 per unit.
Manzoni incurs $3,500,000 in fixed costs during the year. The company's tax rate is 25%.
Required
How many freezers must Manzoni sell to generate net income of $7,635,000?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
18000x 12300x ...View the full answer
Answered By
Sufiyan Ahmed Tariq
I am a Chartered Accountant and an Associate Public & Finance Accountant. I also hold a bachelors of Commerce degree. I have over 8 years of experience in accounting, finance and auditing. Through out my career, I have worked with many leading multinational organisation.
I have helped a number of students in studies by teaching them key concepts of subjects like accounting, finance, corporate law and auditing. I help students understanding the complex situation by providing them daily life examples.
I can help you in the following subject / areas:
a) Accounting;
b) Finance;
c) Commerce;
d) Auditing; and
e) Corporate Law.
4.90+
7+ Reviews
17+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Marling Machine Works produces soft serve ice cream freezers. The freezers sell for $12,000, and variable costs total $8,200 per unit. Marling incurs $6,840,000 in fixed costs during the year. The...
-
Joint cost allocation, ending work in process inventories. Tastee Freez, Inc., produces two specialty ice cream mix flavors for soft serve ice cream machines. The two flavors, Extreme Chocolate and...
-
1. If you were in Jimmies shoes, would you sell Greg an equity stake in Lees Ice Cream? Explain. If Jimmie does sell equity to Greg for $3,300, what percentage of the business should he offer? 2....
-
A managers key task is to balance which four customer service factors against which six logistics cost factors?
-
(a) Solve the following system of equation by LU decomposition without pivoting 8x1 + 4x2 x3 = 11 2x1 + 5x2 + x3 = 4 2x1 x2 + 6x3 = 7 (b) Determine the matrix inverse. Check your results by...
-
Premier Bank and Trust is considering giving Alou Company a loan. Before doing so, management decides that further discussions with Alou's accountant may be desirable. One area of particular concern...
-
With roots that go back to before the Great Depression, Marriott International (www.marriott.com) has come a long way from its founding by husband and wife John and Alice Marriott. As of 2014,...
-
Titan Foods makes a high-energy frozen meal. The selling price per package is $ 7.20, and variable cost of production is $ 4.32. Total fixed cost per year is $ 316,600. The company is currently...
-
Assume that ABC Insurance Company has purchased from QS Reinsurance Company a quota share treaty with a $500,000 limit and a retention of 30 percent and a cession of 70 percent. ABC has written...
-
Laurman, Inc. is considering a new project and has provided the details of the project. The Controller has asked you to compute various capital budgeting methods to help aid in the decision to pursue...
-
Greer Golf Supplies is an online store that sells two types of golf balls: practice balls and tournament balls. The golf balls are sold in plastic sleeves containing three golf balls. Practice balls...
-
Refer to Exercise 3-3. In Exercise 3-3 Julianna Abdallah owns and operates FirstCakes, a bakery that creates personalized birthday cakes for a child's first birthday. The cakes, which sell for $40...
-
In an experiment to determine the formula of an oxide of copper, the copper oxide was reduced by hydrogen gas. The hydrogen was passed over the oxide of copper in a boiling tube with a hole near its...
-
Write a member function Copy of the Stack ADT, assuming that the stack named in the parameter list is copied into self.
-
Indicate whether a stack would be a suitable data structure for each of the following applications. 1. A program to evaluate arithmetic expressions according to the specific order of operators 2. A...
-
Define and implement a counted stack, which inherits from StackType.
-
Implement the class constructor, destructor, and copy constructor for the circular linked list class.
-
An array of records (nodes) is used to contain a doubly linked list, with the next and back members indicating the indexes of the linked nodes in each direction. 1. Show how the array would look...
-
An airplane flies at the same speed relative to the air at a high altitude from New York to Paris and back. a. The New York to Paris flight takes less time. b. The Paris to New York flight takes less...
-
(a) With not more than 300 words, examine why Malaysia missed its 2020 targets to divert 40% of waste from landfills and increase recycling rates to 22%. (10 marks) b) Why arent Malaysian recycling?...
-
Ethan Allen Interiors, Inc. is a leading manufacturer and retailer of furniture and home decorating accessories. Its company-owned operations include sawmills, manufacturing plants, and retail...
-
Aircraft Assemblies, Inc., manufactures clamps used in the overhead bin latches of several leading airplane models. Scott Sykes, president of Aircraft Assemblies, Inc., has gathered the following...
-
The following T-accounts record the operations of Roddick Co.: Required a. Calculate the amount of direct materials purchased during the period. b. Calculate the direct materials used in production...
-
1. What is service-oriented architecture and how is it different from Web services architecture? 2. What is the role of the systems approach in the SDLC? 3. Briefly discuss the key phases of the SDLC...
-
1. Define the role of CRM in your own words. 2. What are the key differences between todays CRM and the early generation of CRMs? 3. How does CRM impact the companys bottom line or performance? 4....
-
What do you think are Thorndike's major contributions to learning theory and teaching? Share a time when you have observed Connectionism. How useful do you think the theory of Connectionism is in an...
Study smarter with the SolutionInn App