Question: Mand M, Inc. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is sold

Mand M, Inc. produces a product that has a variable cost

Mand M, Inc. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target profit of $20,000. What is the amount of sales that will be necessary to earn the desired profit? JFZ Note: Consider using our "Generic CM Template" (posted on our class website) to evaluate. Multiple Choice O $125,000 O $83,333 O $50,000 O O $75,000

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!

On January 2, Year 4, Poplar Ltd. purchased 80% of the outstanding shares of Spruce Ltd. for $1,900,000. At that date, Spruce had common shares of $500,000 and retained earnings of $1,150,000 and...

E and E, Inc. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 per unit and the company desires to earn a target...

Break-even sales and sales to realized income from operations. Smith&Son, Inc. produces a product that has a variable cost of $3.00 per unit. The company's fixed costs are $30,000. The product is...

Zeus, Inc. produces a product that has a variable cost of $9.50 per unit. The company's fixed costs are $40,000. The product sells for $12.00 a unit and the company desires to earn a $20,000 profit....

Zeus, Inc. produces a product that has a variable cost of $5 per unit. The company's fixed costs are $52,000. The product sells for $10 a unit and the company desires to earn a $26,000 profit. What...

Mand M Inc. produces a product that has a variable cost of $370 per unit. The company's fixed costs are $52,800. The product is sold for $7 per unit and the company desires to earn a target profit of...

Mand M Inc produces a product that has a variable cost of $4.60 per unit. The company's fixed costs are $64.600. The product is sold for $8 per unit and the company desires to earn a target profit of...

Check my work Mand M, Inc produces a product that has a variable cost of $4.40 per unit. The company's fixed costs are $68,400. The product is sold for $8 per unit and the company desires to earn a...

Oakton Furniture provided the following information relevant to its sales for December 2013 and the first quarter of 2014 Based on the company's collection history, 2% of credit sales are...

AMC, Inc. produces a product that has a variable cost of $2.50 per unit. The company's fixed costs are $30,000. The product is sold for $5.00 a unit and the company desires to earn a $20,000 profit....

A company produces a product for which the variable cost is $12.73 per unit and the fixed costs are $90,000. The product sells for $17.08. Let x be the number of units produced and sold. (a) The...

Consider this puzzle: a. Write a formula relating the greatest number of pieces of a circle, y, you can obtain from x cuts. b. Use the formula to find the maximum number of pieces with five cuts and...

Read the Case Study: Programmatic Advertising: Real-Time Marketing and answer the following: Internet marketing has come a long way since its inception, placing of adverts has played a strategic role...

Find the differential for the function f ( x ) = 5 x 2 e 2 x at x = 3 with an increment of h = 0 . 2 .

Match the following: 1) Quick Sort A) Divide and conquer programming 2) Task Scheduling B) Greedy programming 3) Merge Sort C) Dynamic programming 4) Prim's D) Not stable ) 1- 2- 3- 4-D b) 1-D 2-C 3-...

What is the complement of the function F = XY+(X+YZ)+Y? a) (X+Y).(X.(Y +Z).Y b) (X+Y).(X.(Y +Z)).Y c) (X+Y).(X.(Y + Z).Y d) (X+Y).(X.(Y +Z)).Y

What is the equivalent 2's complement representation for -15 in 16-bit hexadecimal representation? a) FFFE b) 7FFE c) FFF1 d) 7FF1

Which web socket event will occur when the client or user receives data from the server? a. send b. show c. message d. close

what are the features detected by modernizr? CSS Reflections i. ii. iii. Web Workers SNIL iv. IndexedDB a. i and ii b. i, ii and iii c. i, ii and iv d. ii, iii and iv

All of the following statements about service animals are true, EXCEPT:Group of answer choicesIn general, staff with service animals are allowed to work in food preparation areas.Staff with service...

Does your message reiterate its main idea?

Is the action/response consistent with image of this source? If no, explain the inconsistency.

Will your publics find your message clear, simple and understandable?