Question

Ferkil Corporation manufacturers a single product that has a selling price of $15.00 per unit. Fixed expenses total $51,000 p
0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Solution:

The option 'b, 11,000 units' is correct option.

Explanation:

Contribution margin = Fixed costs / selling units

= $51,000 / 8,500 units =$6

Contribution margin = $6

Target profit = $15,000 + $51,000 =$66,000

Sales in units must be:

$66,000/ $6

= 11,000 units

Add a comment
Know the answer?
Add Answer to:
Ferkil Corporation manufacturers a single product that has a selling price of $15.00 per unit. Fixed...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Foed...

    Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Foed expenses total $65.000 per year, and the company must sell 6,500 units to break even. If the company has a target profit of $15.000, sales in units must be Multiple Choice 7409 units 7100 units 8,000 units G 9100 units

  • 13 Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit....

    13 Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit. Fixed expenses total $42,000 per year, and the company must sell 6,000 units to break even. If the company has a target profit of $14,000, sales in units must be: (8 01:50:57 Multiple Choice 7,455 units 6,700 units 8,000 units 8,100 units

  • Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed...

    Ferkil Corporation manufacturers a single product that has a selling price of $25.00 per unit. Fixed expenses total $33,000 per year, and the company must sell 5,500 units to break even. If the company has a target profit of $12,000, sales in units must be: o 7,000 units o 5,980 units o 7,500 units o 6,820 units

  • up V ENIE Ferkil Corporation manufacturers a single product that has a selling price of $20.00...

    up V ENIE Ferkil Corporation manufacturers a single product that has a selling price of $20.00 per unit. Fixed expenses total $48,000 per year, and the company must sell 6,000 units to break even. If the company has a target profit of $14,000, sales in units must be: Multiple Choice o 7,205 units o 6,700 units 7750 units o o ( 8,400 units

  • Ferkill Corporation manufacturers a single product that has a selling price of $50.00 per unit. Foxed...

    Ferkill Corporation manufacturers a single product that has a selling price of $50.00 per unit. Foxed expenses total $88,000 per year, and the company must sell 8,000 units to break even. If the company has a target profit of $16.500, sales in units must be: Multiple Choice 8773 units 8.330 units 9500 unts 9.750

  • 9. Bird Inc. manufacturers a single product that has a selling price of $50 per unit....

    9. Bird Inc. manufacturers a single product that has a selling price of $50 per unit. Fixed expenses total $100,000 per year, and the company must sell 8,000 units to break even. If the company can achieve total sales of $750,000, what will its net profit be? 10. Sally, Inc. has consistent fixed costs and contribution margin ratios from month to month. In January, Sally produced a $180,800 profit from $300,000 in revenue. In February, Sally produced a $285.800 profit...

  • Help Save&E Fere Corporation manufacturers profit of $14,000, sales in units must be ers a single...

    Help Save&E Fere Corporation manufacturers profit of $14,000, sales in units must be ers a single product that has e selling price of $20.00 per unit Fixed expenses total $42,000 per year, and the company must sell 6.000 units to break even it the company has a target Mutiple Chce 6,700 uns 7 455un 8,000 n

  • Lin Corporation has a single product whose selling price is $136 per unit and whose variable...

    Lin Corporation has a single product whose selling price is $136 per unit and whose variable expense is $68 per unit. The company's monthly fixed expense is $32,400. Required: 1. Calculate the unit sales needed to attain a target profit of $5,000. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $8,400. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit 2. Dollar sales to...

  • Lin Corporation has a single product whose selling price is $135 per unit and whose variable...

    Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,580. Required: 1. Calculate the unit sales needed to attain a target profit of $4,500. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,500. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit units 2. Dollar sales...

  • Lin Corporation has a single product whose selling price is $135 per unit and whose variable...

    Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $81 per unit. The company's monthly fixed expense is $23,580. Required: 1. Calculate the unit sales needed to attain a target profit of $4,500. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,500. (Round your intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit 2. Dollar sales to...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT