Homework Answers
Step 1:- Calculate the projected Variable expenses and Projected fixed expenses for the upcoming year:-
Variable expenses - Current year = $22 per unit
Variable expenses - Current year = $22 per unit
Variable expense for the upcoming year = $22 + $1.5
Variable expense for the upcoming year = $23.5
Projected Contribution Margin = $34 - $23.5
Projected Contribution Margin = $10.5
Fixed expenses in the current year :-
| Particulars | Amount |
| Overheads | 9,672,000 |
| Selling expenses | 2,046,000 |
| Administrative expenses | 3,906,000 |
| Total fixed expenses | 15,624,000 |
Projected fixed expenses for the upcoming year = $15,624,000 + $186,000
Projected fixed expenses for the upcoming year = $15,810,000
The Sales revenue that Blossom needs to attain to achieve a projected net income of $2,232,000 in the upcoming year is:-
=(Fixed expenses + Projected net Income/(1 - Tax Rate)/Contribution margin per unit * Sales price per unit
=($15,810,000 + $2,232,000/($1 - $0.40)/$8.7 * $34
=($15,810,000 + $3,720,000)/$8.7 * $34
=($19,530,000/$10.5) * $34
=1,860,000 cases * $34
Sales Revenue = $63,240,000
Please let me know if you have any questions via comments and all the best :)
Add Answer to:
How do I solve (a2)?
Blossom Company produces a molded briefcase that is distributed to luggage...
Current Attempt in Progress Blossom Company produces a molded briefcase that is distributed to luggage stores....
Current Attempt in Progress Blossom Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 10 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9,672,000 2,046,000 3,906,000 Blossom can produce Unresolved million cases a year. The projected net income for the coming year is expected to be $Unresolved million....
please help me answer part a2 by 10pm tonight. thank you!! Sunland Company produces a molded...
please help me answer part a2 by 10pm tonight. thank
you!!
Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 10 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9.048,000 1.914,000 3,654,000 Sunland can produce 1,740,000 million cases a year. The projected net income for the coming...
Problem 3-38 (Part Level Submission) Cullumber Company produces a molded briefcase that is distributed to luggage...
Problem 3-38 (Part Level Submission) Cullumber Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price $41.00 Variable cost of goods sold 13.00 Variable selling expenses 11.60 Variable administrative expenses 4.00 Annual fixed expenses Overhead $22,315,800 Selling expenses 4,434,550 Administrative expenses 9,298,250 Cullumber can produce 4,291,500 cases a year. The projected net income for the coming year is expected to be $5,149,800. Cullumber...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price $42.00 Variable cost of goods sold 14.00 Variable selling expenses 12.60 Variable administrative expenses 5.00 Annual fixed expenses Overhead $22,261,200 Selling expenses 4,423,700 Administrative expenses 9,275,500 Sunland can produce 4,281,000 cases a year. The projected net income for the coming year is expected to be $5,137,200. Sunland...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses $42.00 14.00 12.60 5.00 Annual fixed expenses Overhead Selling expenses Administrative expenses $22,261,200 4,423,700 9,275,500 Sunland can produce 4,281,000 cases a year. The projected net income for the coming year is expected to be $5,137,200. Sunland...
Problem 3-38 (Part Level Submission) Carla Vista Company produces a molded briefcase that is distributed to...
Problem 3-38 (Part Level Submission) Carla Vista Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses $41.00 13.00 11.60 4.00 Annual fixed expenses Overhead Selling expenses Administrative expenses $14,203,800 2,822,550 5,918,250 Carla Vista can produce 2,731,500 cases a year. The projected net income for the coming year is expected to be...
3-35 Target income; CVP analysis (CMA adapted) (LO 2, 3) Kipmar Company produces a molded briefcase...
3-35 Target income; CVP analysis (CMA adapted) (LO 2, 3) Kipmar Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $ 40.00 12.00 10.60 3.00 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses Annual fixed expenses Overhead T Selling expenses Administrative expenses $7,800,000 1,550,000 3,250,000 Kipmar can produce 1.5 million cases a year. The projected net income for the...
Instructions Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to...
Instructions Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDS and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDS and 4,500 equipment sets. Information on the two products is as follows: Equipment Sets DVDS Price $8 $25 Variable cost per unit 15 Total fixed cost is $98,550. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale...
Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs...
Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDs and 4,500 equipment sets. Information on the two products is as follows: DVDs Equipment Sets Price $8 $25 Variable cost per unit 4 15 Total fixed cost is $99,750. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale...
Hello, can someone please show me how to solve this. I could not find an easy to follow example in my textbook. Thanks a...
Hello, can someone please show me how to solve this. I could not
find an easy to follow example in my textbook. Thanks a ton!
Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDs and 4,500 equipment sets. Information on the two products is as follows: DVDs Equipment Sets Price $8 $25 Variable cost per...
Current Attempt in Progress Blossom Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 10 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9,672,000 2,046,000 3,906,000 Blossom can produce Unresolved million cases a year. The projected net income for the coming year is expected to be $Unresolved million....
please help me answer part a2 by 10pm tonight. thank
you!!
Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $34 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses 10 9.0 3 Annual fixed expenses Overhead Selling expenses Administrative expenses $9.048,000 1.914,000 3,654,000 Sunland can produce 1,740,000 million cases a year. The projected net income for the coming...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price $42.00 Variable cost of goods sold 14.00 Variable selling expenses 12.60 Variable administrative expenses 5.00 Annual fixed expenses Overhead $22,261,200 Selling expenses 4,423,700 Administrative expenses 9,275,500 Sunland can produce 4,281,000 cases a year. The projected net income for the coming year is expected to be $5,137,200. Sunland...
Problem 3-38 (Part Level Submission) Sunland Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses $42.00 14.00 12.60 5.00 Annual fixed expenses Overhead Selling expenses Administrative expenses $22,261,200 4,423,700 9,275,500 Sunland can produce 4,281,000 cases a year. The projected net income for the coming year is expected to be $5,137,200. Sunland...
Problem 3-38 (Part Level Submission) Carla Vista Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses $41.00 13.00 11.60 4.00 Annual fixed expenses Overhead Selling expenses Administrative expenses $14,203,800 2,822,550 5,918,250 Carla Vista can produce 2,731,500 cases a year. The projected net income for the coming year is expected to be...
3-35 Target income; CVP analysis (CMA adapted) (LO 2, 3) Kipmar Company produces a molded briefcase that is distributed to luggage stores. The following operating data for the current year has been accumulated for planning purposes. $ 40.00 12.00 10.60 3.00 Sales price Variable cost of goods sold Variable selling expenses Variable administrative expenses Annual fixed expenses Overhead T Selling expenses Administrative expenses $7,800,000 1,550,000 3,250,000 Kipmar can produce 1.5 million cases a year. The projected net income for the...
Instructions Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDS and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDS and 4,500 equipment sets. Information on the two products is as follows: Equipment Sets DVDS Price $8 $25 Variable cost per unit 15 Total fixed cost is $98,550. Suppose that in the coming year, the company plans to produce an extra-thick yoga mat for sale...
Hello, can someone please show me how to solve this. I could not
find an easy to follow example in my textbook. Thanks a ton!
Multiple-Product Break-even, Break-Even Sales Revenue Cherry Blossom Products Inc. produces and sells yoga-training products: how-to DVDs and a basic equipment set (blocks, strap, and small pillows). Last year, Cherry Blossom Products sold 13,500 DVDs and 4,500 equipment sets. Information on the two products is as follows: DVDs Equipment Sets Price $8 $25 Variable cost per...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago