subject
Business, 18.07.2020 18:01 ernie27

g Presented is the 2014 contribution income statement of Colgate Products. COLGATE PRODUCTS Contribution Income Statement For Year Ended December 31, 2014 Sales (13,000 units) $ 1,560,000 Less variable costs Cost of goods sold $ 520,000 Selling and administrative 143,000 (663,000) Contribution margin 897,000 Less fixed costs Manufacturing overhead 520,000 Selling and administrative 210,000 (730,000) Net income $ 167,000 During the coming year, Colgate expects an increase in variable manufacturing costs of $8 per unit and in fixed manufacturing costs of $35,000. (a) If sales for 2015 remain at 13,000 units, what price should Colgate charge to obtain the same profit as last year? Round to the nearest cent.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:40
Ail industries uses activity-based costing to assist management in setting prices for the company's three major product lines. the following information is available: activity cost pool estimated overhead expected use of cost driver per activity cutting $1,000,000 25,000 labor hours stitching 8,000,000 320,000 machine hours inspections 2,800,000 160,000 labor hours packing 960,000 64,000 finished goods units compute the activity-based overhead rates. (round answers to 2 decimal places, e.g. 12.25.)
Answers: 2
question
Business, 22.06.2019 20:10
Your sister is thinking about starting a new business. the company would require $375,000 of assets, and it would be financed entirely with common stock. she will go forward only if she thinks the firm can provide a 13.5% return on the invested capital, which means that the firm must have an roe of 13.5%. how much net income must be expected to warrant starting the business? a. $41,234b. $43,405c. $45,689d. $48,094e. $50,625
Answers: 3
question
Business, 22.06.2019 20:30
Contrast two economies that transitioned to capitalism and explain what factors affected the ease kf their transition as welas the “face” of capitalism that each has adopted
Answers: 2
question
Business, 23.06.2019 07:40
If airlines do not change their prices how else might they try to compete with each other?
Answers: 3
You know the right answer?
g Presented is the 2014 contribution income statement of Colgate Products. COLGATE PRODUCTS Contribu...
Questions
question
Chemistry, 15.10.2020 03:01
question
Social Studies, 15.10.2020 03:01
question
Mathematics, 15.10.2020 03:01
question
Mathematics, 15.10.2020 03:01
Questions on the website: 13722367