Answer Happy

Exercise 6-7 (Algo) Target Profit Analysis [LO6-6] Lin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company's monthly fixed expense is $40,000. Required: 1. Calculate the unit sales needed to attain a target profit of $8,600. (Do not round Intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $9,800. (Round your Intermediate calculations to the nearest whole number.) 1. Units sales to attain target profit i 2. Dollar sales to attain target profit units

Exercise 6-8 (Algo) Compute the Margin of Safety [LO6-7] Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below Selling price per unit Variable expense per unit Fixed expense per month. Unit sales per month $ 28 $ 17 $9,130 980 Required: 1. What is the company's margin of safety? (Do not round Intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (Le. 1234 should be entered as 12.34).) 1: Margin of safety (in dollars) 2. Margin of safety percentage

Exercise 6A-1 (Algo) High-Low Method [LO6-10] The Cheyenne Hotel in Big Sky, Montana, has accumulated records of the total electrical costs of the hotel and the number of occupancy-days over the last year. An occupancy-day represents a room rented for one day. The hotel's business is highly seasonal, with peaks occurring during the ski season and in the summer. Month January February March April May June July August September October November December Decupancy- Days 3,350 3,618 1,680 1,230 4,380 1,690 4,130 4,250 1,950 2,140 1,480 2,710 Electrical Costs $9,241 $9,666 $5,208 $ 3,813 $ 10,428 $ 5,239 $ 10,058 $ 10,125 $ 6,045 Variable cost of electricity Fixed cost of electricity $ 6,634 $ 4,588 $ 7,829 Required: 1. Using the high-low method, estimate the fixed cost of electricity per month and the variable cost of electricity per occupancy-day. (Do not round your Intermediate calculations. Round your Variable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) per occupancy-day per month

Required: 1. Using the high-low method, estimate the foxed cost of electricity per month and the variable cost of electricity per occupancy-day (Do not round your Intermediate calculations. Round your Varlable cost answer to 2 decimal places and Fixed cost element answer to nearest whole dollar amount.) Variable cost of electricity Fixed cost of electricity per occupancy-day per month 2. What other factors in addition to occupancy-days are likely to affect the variation in electrical costs from month to month? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as Incorrect.) 7 Systematic factors like guests, switching off fans and lights 7 Number of days present in a month Income taxes paid on hotel Income 7 Seasonal factors like winter or summer. 7 Fixed salary paid to hotel receptionist