Question: a ... A product sells for $20 per unit, and has a contribution margin ratio of 40%. Fixed expenses total $120,000 annually. How many units

a ...

A product sells for $20 per unit, and has a contribution margin ratio of 40%. Fixed expenses total $120,000 annually. How many units must be sold to yield a profit of $30,000?

12,500 units.

18,750 units.

20,000 units.

25,000 units.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

GA: Forecasting Fenway Franks Hot dogs are an integral part of the experience of a Red Sox baseball game in Boston. The hot dogs, or frankfurters, that are sold at the ball park are called Fenway...

MULTIPLE CHOICE. Select the ONE answer that best answers the question. Record all answers in the table. ONLY THE TABLE WILL BE MARKED. Each multiple choice is worth 2 marks. 1. Wendy's Company sells...

The total volume in sales dollars that would be required to attain a given target profit is determined by dividing the sum of the fixed expenses and the target profit by the contribution margin...

A product sells for $20 per unit and has a contribution margin ratio of 40%. Fixed expenses total $240,000 annually. How many units of the product must be sold to yield an operating income of...

Question 1 of 50 2.0 Points A partial listing of costs incurred during December at Gagnier Corporation appears below: The total of the manufacturing overhead costs listed above for December is: A....

Questions are in the photos. Thank you ! The break-even in units sold will decrease if there is an increase in which of the following? Multiple Choice 10 points O Unit sales volume. eBook Print O...

3. The following is last month's contribution format income statement Sales (12,000 Units) $1,200,000 Less: Variable Expenses $ 700.000 Contribution Margin $ 500,000 Less: Fixed Expenses $ 300,000...

A product sells for $ 2 0 per unit and has a contribution margin ratio of 4 0 percent. Fixed expenses total $ 2 4 0 , 0 0 0 annually. How many units of the product must be sold to yield a profit of $...

Question 2 (2 points) Carter Source Corp. has 750 obsolete items that are carried in inventory at a manufacturing cost of $15,000. If the items are re-machined for $5,000, they could be sold for...

2,0008,000 15,000 12,000 tising the high ow methot, the cot formula for maintenance would be 51.2S per unit e. 33,000 phus $1.50 per unis d 56,000 plos 5o.75 per unis where variable costs equal fixed...

Hi, the questiosn below are about CVP ANALYSIS 0. A product sells for $20 per unit and has a contribution margin ratio of 40%. Fixed expenses total $240,000 annually. How many units of the product...

QUESTION 10 XYZ is evaluating a project that would require the purchase of a piece of equipment for $420,000 today. During year 1, the project is expected to have relevant revenue of $760,000,...

The 1790s was a decade of significant political conflict as the new nation witnessed the nse of political parties In response to domestic and International developments. In 1789, there were no...

Question 1 7 The cornea is part of the choroid. fibrous layer. Irls. uvea. neural tayer.

A machine producing electronic circuits has an average failure rate of 15% (theyre difficult to make). The cost of making a batch of 500 circuits is 8400 and the good ones sell for 20 each. What is...

A thin film of toluene (n = 1.49) floats on water. Find the minimum film thickness if the most strongly reflected light has wavelength 460 nm.

Draw a table showing the order of every element in * 11 . Pick the smallest primitive root g and compute a table giving ind 11.g (x) for all x * 11 .

How can interactive television improve customer service as a medium for e-commerce?

Bokco is a manufacturing company. It has a small permanent workforce but it is also reliant on temporary workers, whom it hires on three-month contracts whenever production requirements increase. All...

34) When working a retail in-store grand opening, an HC Brill employee... Ms. Joe Tripp... determined that there was an easier and more efficient way for store cake decorators to create carrot cake...

10. Choose someone you know and answer the following questions: a) Does this person have a low or high level of competence in a particular field? b) Do you have a low or high level of confidence in...

1. To gain insight into how a communication situation can be framed to maximize impact.

2. We can change the use and meaning of the concepts and thereby the meaning of the social reality to which they refer.