accounting question help me please?

Question

1.Moran Company reports the following operating results for the month of August: Sales $355,000 (units 5,000); variable costs $213,000; and fixed costs $95,000. Management is considering the following independent courses of action to increase net income.
1.Increase selling price by 10% with no change in total variable costs.
2.Reduce variable costs to 55% of sales.
3.Reduce fixed costs by $13,000.

2.In 2008, Hadicke Company had a break-even point of $350,700 based on a selling price of $7 per unit and fixed costs of $107,800. In 2009, the selling price and the variable cost per unit did not change, but the break-even point increased to $424,000.
Compute the variable cost per unit and the contribution margin ratio for 2008. (Round variable cost to 2 decimal places and contribution margin ratio to 0 decimal places.)

3.For Markowis Company, variable costs are 75% of sales, and fixed costs are $240,000. Management's net income goal is $62,000. Compute the required sales needed to achieve management's target net income of $62,000. (Use the mathematical equation approach.)

Answer 1

here is the entry for the second question...



1. Unit sales price = $355,000 ÷ 5,000 units = $71

Increase selling price to $78, or ($71 × 110%).

Net income = $390,500 – $213,000 – $95,000 = $82,500.



2. Reduce variable costs to 55% of sales.

Net income = $355,000 – $195,250 – $95,000 = $64,750.



3. Reduce fixed costs to $82,000, or ($95,000 – $13,000).

Net income = $355,000 – $213,000 – $82,000 = $60,000.

Answer 2

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Answer 3

1)+ 35,500

2)+ 17,750

3)+ 13,000



2) 4.85, 30%



3) S - .75S - 420,000 = 62,000

.25S = 482,000

S = 1,928,000