Buttermilk Bakery has provided the following cost data for the last year when 99,000 loaves of...
Buttermilk Bakery has provided the following cost data for the last year when 99,000 loaves of bread were produced and sold.
| Raw materials | $228,690 | |
| Direct labor | 78,210 | |
| Manufacturing overhead | 189,480 | |
| Selling and administrative costs | 152,960 |
All costs are variable except for $118,200 overhead and $76,730 selling and administrative. The sales price was $10 per loaf.
If Buttermilk desires a target operating income of $154,300,
what is the amount of sales dollars needed to reach this target?
(Round answer to 0 decimal places, e.g.
16,405.)
Homework Answers
| Raw Materials | 228690 | 2.31 |
| Direct Labor | 78210 | 0.79 |
| Variable Manufacturing Overhead | 71280 | 0.72 |
| (189480-118200) | ||
| Variable Selling and administrative expense | 76230 | 0.77 |
| (152960-76730) | ||
| total variable cost | 454410 | 4.59 |
| Sales | 990000 | 10 |
| Contribution | 535590 | 5.41 |
| Fixed cost | 194930 | |
| (118200+76730) | ||
| Target operating income | 154300 | |
| total amount to earned | 349230 | |
| Loaves to sold | 349230/5.41 | |
| Loaves to sold | 64,553 | |
| Sales values in dollars | 64553*10 | |
| Sales values in dollars | $ 645,530 | |
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