Question: Winger Corp. sells a product for $5 per unit. Fixed costs are $200,000 and variable costs per unit are 60% of the selling price. What

  1. Winger Corp. sells a product for $5 per unit. Fixed costs are $200,000 and variable costs per unit are 60% of the selling price. 

  3. What sales would be required for Winger Corp. to earn a profit of $34,000?

Step by Step Solution

★★★★★

3.38 Rating (167 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Solution The given information are Selling price per unit 5 Fixed cos 200000 Variable co... View full answer

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!

Q:

1. ABM's breakeven point is 4,000 units at a sales price of P50 per unit, variable cost of P30 per unit, and total fixed costs of P80,000. If ABM sells 500 additional units, by how much will profit...

Q:

Part A: Millie Bandes, a successful entrepreneur, is setting up a new division for the manufacture of three new products that will complement her current line of business. Millie is currently...

Q:

1. Taurus Corporation sells a product for $500 per unit. Its market share is 20 percent. The marketing manager believes that the market share can be increased to 30 percent with a reduction in price...

Q:

Winger Corp. sells a product for $5 per unit. The fixed expenses are $210,000 and the unit variable expenses are 60% of the selling price. What sales would be necessary in order for Winger Corp. to...

Q:

19.31 Behavioural issues associated with reward systems Fitness Forever International sells personal exercise equipment both within Australia and internationally. One division of Fitness Forever...

Q:

Multiple Choices (12 4 Pts ech Total 48 Pts I. Multiple Choices (4 points each) Use the following to answer question 1: Nielson Corp, sells its product for $6,600 per unit. Variable costs per unit...

Q:

Sheffield Corp. sells a product for $50 per unit. The fixed costs are $870000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that fixed...

Q:

WEM Current Attempt in Progress Marigold Corp. sells a product for $50 per unit The fixed costs are $810000 and the variable costs are 60% of the selling price As a result of new automated equipment,...

Q:

6 - 16 Test Bank for Managerial Accounting, Seventh Edition 79. Greg's Breads can produce and sell only one of the following two products: Oven Contribution Hours Required Margin Per Uns Muffins 0.2...

Q:

help Marigold Corp. sells a product for $50 per unit. The fixed costs are $810000 and the variable costs are 60% of the selling price. As a result of new automated equipment, it is anticipated that...

Q:

1. What environmental factors could Bill Strickland have changed in his life? 2. What moral authority does Bill Strickland speak from to struggling college students? 3. What impact did Stricklands...

Q:

Calculate the voltage gain of each stage and the overall ac voltage gain for the BJT cascade amplifier circuit of Fig. 5.176. +15 V 5.1 kQ 24 k 5.1 k 24 k2 0.5 HF If 0.5 pF - 150 6.2 k2 6.2 kQ 50 uF

Q:

10.7 Use nodal analysis to find V in the circuit of Fig. 10.56. 40 ww 20 m V 120/-15 V ( 6/30 A -/30 50

Q:

Locate the 2009 Form 10-K for Wal-Mart in Appendix A and consider the following questions: 1. Find Wal-Marts 2009 income statement. Assume that operating, selling, general, and administrative...

Q:

The notes to the annual report for KPMG LLP (U.K.) indicated the following policies regarding the partners capital: The allocation of profits to those who were partners during the financial year...

Q:

Job costing, normal and actual costing. Amesbury Construction assembles residential houses. It uses a job-costing system with two direct-cost categories (direct materials and direct labor) and one...

Q:

The trial balance and adjustment data of Mylas Motors, Inc., at November 30, 2012, follow: Additional data at November 30, 2012: a. Depreciation on equipment, $1,100. b. Accrued wage expense, $600....

Q:

Consider the following partially completed cost of goods manufactured statements. Requirement 1. Complete the missingamounts. Boswell, Inc. (a) Laura's Bakery Rustic Gear 40,500 Beginning work in...

Q:

The polar equationr=10+sinhas graph as the polar curve in the given pictureFind the area of the shaded region.

Q:

Jade Soon, the administrator of Saint Jude Hospital, is interested in obtaining more accurate cost allocations on the basis of cause and effect. The $210,000 of laundry costs had been allocated on...

Q:

"The dollar amount of the fixed overhead volume variance depends on what expected volume of production was chosen to determine the fixed overhead rate." Explain.

Q:

The production department of Garcia Paints Inc. had the following flow of litres of latex paint for the month of April: Litres completed: From work-in-process on April...

Q:

A lawn mower retails for $349. The dealers overhead is 25% of cost, and normal operating profit is 16 2/3 % of cost. a. What is the largest amount of markdown that will allow the dealer to break...

Q:

Rainbow Paints is discontinuing a line of paint that it purchased at $30 less 45% and 10% per 4L pail. The stores overhead is 50% of cost, and normal operating profit is 30% of cost. If the manager...

Q:

Comfort Shoes normal rate of markup on selling price is 45%. What rate of mark down can the store offer on a pair of shoes normally priced at $140, and still realize a 20% rate of markup on cost at...