For Flynn Company, variable costs are 59% of sales, and fixed costs are $181,000. Management's net...

   

Transcribed Image Text:

For Flynn Company, variable costs are 59% of sales, and fixed costs are $181,000. Management's net income goal is $63,000. Compute the required sales in dollars needed to achieve management's target net incom of $63,000. (Use the contribution margin approach.) (Round answer to 0 decimal places, e.g. 1,225.) Required sales $1 LINK TO YEXT Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER Exercise 5-10 In the month of March, Style Salon services 590 clients at an average price of $ 200. During the month, fixed costs were $ 27,156 and variable costs were 69 % of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin Contribution margin per unit Contribution margin ratio LINK TO TEXT VIDEO: APPLIED SKILLS Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.) Break-even sales Break-even sales units LINK TO TEXT VIDEO: APPLIED SKILLS o search A For Flynn Company, variable costs are 59% of sales, and fixed costs are $181,000. Management's net income goal is $63,000. Compute the required sales in dollars needed to achieve management's target net incom of $63,000. (Use the contribution margin approach.) (Round answer to 0 decimal places, e.g. 1,225.) Required sales $1 LINK TO YEXT Question Attempts: 0 of 5 used SAVE FOR LATER SUBMIT ANSWER Exercise 5-10 In the month of March, Style Salon services 590 clients at an average price of $ 200. During the month, fixed costs were $ 27,156 and variable costs were 69 % of sales. Determine the contribution margin in dollars, per unit, and as a ratio. (Round answers to 0 decimal places, e.g. 1,225.) Contribution margin Contribution margin per unit Contribution margin ratio LINK TO TEXT VIDEO: APPLIED SKILLS Using the contribution margin technique, compute the break-even point in dollars and in units. (Round answers to 0 decimal places, e.g. 1,225.) Break-even sales Break-even sales units LINK TO TEXT VIDEO: APPLIED SKILLS o search A

Answer rating: 100% (QA)

1 Required Sales 595122 Normal profit equation is Sales Variable Cost Contribution Contribution Fixe... View the full answer