Dorcan Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $8.00 each, and the variable cost to manufacture them was $3 per unit. The company needed to sell 20,000 shirts to break even. The after-tax net income last year was $5,100. Dorcan’s expectations for the coming year include the following: (CMA adapted) The sales price of the T-shirts will be $12. Variable cost to manufacture will increase by one-third. Fixed costs will increase by 15%. The income tax rate of 40% will be unchanged. Based on a $12 selling price per unit and if Dorcan Corporation wishes to earn $48,972 in after-tax net income for the coming year, the company’s sales volume in dollars must be:

Artis Sales has two store locations. Store A has fixed costs of $205,000 per month and a variable cost ratio of 55%. Store B has fixed costs of $380,000 per month and a variable cost ratio of 30%. At what sales volume would the two stores have equal profits or losses?

Lamar has the following data: Selling price $ 40 Variable manufacturing cost $ 22 Fixed manufacturing cost $ 150,000 per month Variable selling and administrative costs $ 6 Fixed selling and administrative costs $ 120,000 per month How many units must Lamar produce and sell in order to break even?

At a break-even point of 400 units, variable costs were $400 and fixed costs were $200. What will the 401st unit sold contribute to operating profits before income taxes?

Opal Company manufactures a single product that it sells for $80 per unit and has a contribution margin ratio of 35%. The company’s fixed costs are $48,000. If Opal desires a monthly target operating profit equal to 15% of sales, sales will have to be:

Galileo was the first to observe the phases of_________.

A _________ is a particle of light.

Lunar eclipses do not occur every full Moon, because the path of the_________ is tilted relative to the_________.

During retrograde motion, a planet moves from_________ to_________ relative to the stars.

Vegas Company has the following unit costs: Variable manufacturing overhead $ 25 Direct materials 20 Direct labor 19 Fixed manufacturing overhead 12 Variable marketing and administrative 7 Vegas produced and sold 10,000 units. If the product sells for $100, what is the gross margin?