FREE Trial

Singh Company's break-even sales are $600,000. Assuming fixed costs are $240,000, what sales volume does it need to achieve a

Question:

Singh Company's break-even sales are $600,000. Assuming fixed costs are $240,000, what sales volume does it need to achieve a target operating income of $60,000?

This problem has been solved!


Do you need an answer to a question different from the above? Ask your question!

Step by Step Answer:

Answer rating: 85% (7 reviews)

At break even sales the contribution margin is equal to fixed costs …View the full answer


answer-question
Answered By
tutor-profile-image
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques. I am Master in Statistics from Indian Institute of Technology, Kanpur. I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+ 3+ Reviews 10+ Question Solved
Related Book For  answer-question
Managerial Accounting Tools for Business Decision Making

Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118033890

3rd Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Question Posted: April 20, 2017 11:36:04
See More Questions

Students also viewed these Managerial Accounting questions

Q:
Huang Companys break-even sales are $500,000. Assuming fixed costs are $180,000, what sales volume is needed to achieve a target net income of $90,000?
A:
At break even sales the contribution m......
Q:
Ortega Companys break-even sales are $600,000. Assuming fixed costs are $180,000, what sales volume is needed to achieve a target net income of $60,000?
A:
At breakeven sales the con......
Q:
Salsa Companys break-even sales are $600,000. Assuming fixed costs are $180,000, what sales volume is needed to achieve a target net income of $60,000?
A:
At breakeven sales the contr......
Q:
Kim Corporation, a calendar year taxpayer, has manufacturing facilities in States A and B. A summary of Kims property holdings follows. Determine Kims property factors for the two states assuming...
A:
Under the statutes of States A and B accumulated depreciation and nonbusiness prope......
Q:
The following information was taken from the 2009 annual report of Emerson, a leader in process management, technology, network power, and industrial automation (dollars in millions). REQUIRED...
A:
The conservatism ratio is an excellent measure of a companys aggressivene......
Q:
A concrete block with a specific weight of 23.6 kN/m 3 is suspended by a rope in a solution with a specific gravity of 1.15. What is the volume of the concrete block if the tension in the rope is...
A:
w F b T 0 c V......
Q:
Refer to Table 23.1 in the text to answer this question. Suppose today is September 4, 2001, and your firm is a piping manufacturer that needs 100,000 pounds of copper in March for the upcoming...
A:
Click to View...
Q:
The Dolce Estate reports the following items for the current tax year. Dividend income .......$ 50,000 Taxable interest income ..... 8,000 Passive activity income .... 30,000 Tax-exempt interest...
A:
20 000 distribution 100 000 total DNI 50 000 dividends in DNI Allothercalculationsbybeneficiaryandi......
Q:
Consider the following strategies constructed on the same underlying stock. Each strategy has the same maturity. Strategy I : Short a call with a strike price = K, and at the same time, long a put...
A:
Strategy I Short a call with a strike price K This gives you a payoff of max 0 K S where S is the un......
Q:
What role, or roles, is Ruth occupying on the cost-reduction team? How effective does she appear to be in her role? What role, or roles, is Jack occupying on the cost-reduction team? How effective...
A:
1 Ruths most notable role is that of monitor evaluator She is cautioning the group not to move too f......
Q:
(a) Define the term margin of safety. (b) If Harold Company expects to sell 1,600 units of its product at $12 per unit, and break-even sales for the product are $13,440, what is the margin of safety...
A:
a Margin of safety is the diffe......
Q:
Determine the missing amounts: Contribution Margin per Unit Contribution Margin Ratio Unit Selling Price 1. $750 2. $450 3. (e) Unit Variable Costs $500 $135 $400 20%
A:
1 a 250 750 500 b 3......
Q:
For each of the following studies, say whether you would use a t test for dependent means or a t test for independent means. (a) A researcher randomly assigns a group of 25 unemployed workers to...
A:
a Indep......
Q:
Answer the following questions in the form of an essay: Describe how recognition can be both positive and negative 2. What is Innis' theory of "bias" and how does it relate to mass media? 3....
A:
Answers 1 Recognition as Positive and Negative Positive recognition implies appreciation or commenda......
Q:
One of the strategies of the PR consultants in the first news story was getting Red Cross first-aid kits included in an episode of The Real World and Red Cross vehicles in an episode of The West...
A:
Red Cross TV Placement Strategy Positives Increased visibility and brand recognition By strategically placing Red Cross first aid kits and vehicles in popular TV shows like The Real World and The West......
Q:
In this assignment you will create a table named bigtext with a single TEXT column named content. Insert 100000 records with numbers starting at 100000 and going through 199999 into the table as...
A:
To create a table named bigtext with a TEXT column nam......
Q:
Write down any three sectors that have been affected due to climate change recently in Asia. Briefly discuss and write down the consequences of climate change in those sectors using appropriate...
A:
Three sectors in Asia that have been significantly affected by climate change recently are agriculture water resources and coastal areas 1 Agriculture Climate change has had a significant impact on ag......
Q:
Write a recommendation for the following scenario: Identify 2 things what you consider to be one example of failed merchandising in Walmart . Explain why you believe the example was a merchandising...
A:
ChatGPT Recommendation for Improving Merchandising at Walmart Example of Failed Merchandising One notable example of failed merchandising at Walmart was the introduction of high end fashion brands int......
Q:
Mayer Corporation has a defined benefit pension plan. Mayer's policy is to fund the plan annually, cash payments being made at the end of each year. Data relating to the pension plan for 2018 are as...
A:
in millions Pension expense given 82 Plan assets expected r......
Q:
Uniform electric field in Figure a uniform electric field is directed out of the page within a circular region of radius R = 3.00 cm. The magnitude of the electric field is given by E = (4.50 x 10-3...
A:
a Application of Eq 32 7 with A and taking the derivative of the field e......
Q:
Boat Refit Inc. produces and sells custom parts for powerboats. The company uses a costing system based on actual costs. Selected accounting and production information for fiscal 2016 is as follows:...
A:
a Fixed MOH per unit 600 000 2 000 units 300 Absorption costing net income 400 000 Variable cost......
Q:
Wingfoot Co. began operations on July 1, 2015. By the end of its first fiscal year, ended June 30, 2016, Wingfoot had sold 10,000 wingers. Selected data on operations for the year ended June 30,...
A:
Variable cost per unit Direct material 2 kg 10 per kg 20 00 Dire......
Q:
Portland Optics, Inc., specializes in manufacturing lenses for large telescope cameras used in space exploration. Since the specifications for the lenses are determined by the customer and vary...
A:
a In order to apply variable costing to the Portland Optics operations it is necessary to first remove fixed manufacturing costs from the inventory va......
IELTS High Score Vocabulary List A Specially Selected List Of IELTS Vocabulary Words Guaranteed To Increase Your Score 1st Edition - ISBN: 1484837746 - Free Book