**Only need part c!!!** Net Income Planning Superior Corporation sells a single product for $75 per...
**Only need part c!!!**
Net Income Planning
Superior Corporation sells a single product for $75 per unit, of which $42 is contribution margin. Fixed costs total $100,800 and net income before income tax is $28,800.
- Round dollars (part a.) to the nearest whole number.
- Round UP unit answers to the nearest unit, when applicable (parts b - e)
Determine the following
a. The present sales volume in dollars. $231,429
b. The break-even point in units. 2,400 units
c. The sales volume in units necessary to attain a net
income before income tax of $39,000. Answer units
d. The sales volume in units necessary to attain a net income
before income tax equal to 20% of sales revenue. 3,734 units
e. The sales volume in units necessary to attain an after-tax net
income of $43,720 if the tax rate is 40%. 4,135 units
Homework Answers
Sales needed
= (Fixed cost + Target income) / Contribution margin per unit
= (100,800+39,000) / 42
= 139,800 /42
= 3329 units (rounded)
Comment if you face any issues
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**Only need part c!!!**
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