Question: If you could please help me understand and solve this question step by step it would be appreciated! Ventana Inc. sells a single product for

If you could please help me understand and solve this question step by step it would be appreciated!

If you could please help me understand and solve this question step

Ventana Inc. sells a single product for $47. Its management estimates the following revenues and costs for the year 2020: Net Sales $625,000 Selling expenses - Variable $18,000 82,000 Selling expenses - Fixed 21,800 76,000 Admin expenses - Variable 3,400 Mfg Overhead - Variable 34,000 Admin expenses - Fixed 2,500 Mfg Overhead - Fixed 26,000 Required: 1 Assuming fixed costs and net sales are spread evenly throughout the year, determine Ventana's monthly break-even point in (a) units and (b) dollars. 2 Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual profit 3 Determine the percentage increase of annual profits if Ventana Inc. increases its selling price by 25% and all other factors (including demand) remain constant. 4 Assume the price remains at $47 per unit and variable costs remain the same per unit, but fixed costs increase by 14% annually. Calculate the percentage increase in unit sales required to achieve the same level of annual profit calculated in required # 2 5 Determine the sales required to earn an operating income of $370,000 after tax. Ventana lnc.'s income tax is 25%

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