Xyz Company Sold 8,000 Units And Reported

Solution of problem 4ParticularsAmount $SalesNo. of UnitsSelling price per UnitLess Variable Cost Per UnitContribution Per UnitCalculate the number of units that XYZ Company needed to sell during May to break-evenNo. of Units to be sold to breakeven =Fixed expensesUnits4,200 units to be sold to breakevenSolution of problem 5Calculate the number of units XYZ Company must sell in order to earn a target profit equal to 20% of salesFixed Costlet N = Number of Units sold ,then50NCost63000 + 35NProfit =(50-35) N -63000 50 N *20% = 15N -6300010N =N =63000 / 512,600 units to be sold to earn a target profit of 20% on sales.Calculate the finished goods inventory balance on January 1. Solution of problem 6Net IncomeAdd S& A ExpensesGross MarginSales RevenueCost of Goods SoldLess Gross MarginAdd Ending Finished Goods InventoryCost of Goods avaialable for saleLess Cost of Goods manufacturedOpening Finished Goods InventorySolution of problem 7Using the high-low method, calculate ABC Company's expected utilities cost for July.Variable cost = Highest Cost - lowest Cost Highest Production - Lowest production18600-129007100-4600per UnitVariable Cost per Unit =Total Cost for MarchNo. of Units produced in MarchVariable costFixed costUtility Cost for JulyNo. of Units produced in JulyVariable cost for JulyFixed Cost for JulySolution of problem