Chelsea Company has sales of $400,000, variable costs of $10 per unit, fixed costs of $100,000, and a target profit of $60,000. How many units were sold?
A. 30,000
B. 18,000
C. 12,000
D. 24,000
Answer: D
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Annette purchased stock on March 1, 2019, for $200,000. At December 31, 2019, it was worth $210,000. She also purchased a bond on September 1, 2019, for $20,000. At year-end, it was worth $15,000. Determine Annette’s realized and recognized gain or loss.
What will be an ideal response?
Vinall Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations:?Budgeted selling price per unit$85?Budgeted unit sales (all on credit):?? July9,400? August11,700? September10,300? October11,200?Raw materials requirement per unit of output2 pounds?Raw materials cost$2.00 per pound?Direct labor requirement per unit of output2.1 direct labor-hours?Direct labor wage rate$25.00 per direct labor-hourCredit sales are collected: 30% in the month of the sale 70% in the following monthRaw materials purchases are paid: 20% in the month of purchase 80% in the following monthThe ending finished goods inventory should equal 20% of the following month's sales. The ending raw
materials inventory should equal 20% of the following month's raw materials production needs.Required: a. What are the budgeted sales for August?b. What are the expected cash collections for August?c. According to the production budget, how many units should be produced in August?d. If 20,960 pounds of raw materials are needed for production in September, how many pounds of raw materials should be purchased in August?e. What is the estimated cost of raw materials purchases for August?f. If the cost of raw material purchases in July is $40,688, then in August what are the total estimated cash disbursements for raw materials purchases?g. What is the total estimated direct labor cost for August assuming the direct labor workforce is adjusted to match the hours required to produce the forecasted number of units produced? What will be an ideal response?
The clause prohibiting the Federal Government from taxing exports is:
a. the Commerce Clause. b. the Import-Export Clause. c. the International Trade Clause. d. the Export Taxation Clause.
Is highly unusual for a multinational firm to have both integrated foreign entities AND self-sustaining foreign entities
Indicate whether the statement is true or false.