O’Hara, Inc. sells two products, X and Y. For every unit of…

O’Hara, Inc. sells two products, X and Y. For every unit of X the firm sells, three units of Y are sold. The firm’s total fixed costs are $1,680,000 and its tax rate is 20%. Selling prices and variable cost information for both products are below:                                        Product X       Product Y Selling price                   $80                 $40 Variable cost/unit       $48                 $20   O’Hara Inc. desires a before-tax profit of $620,000.    How many units of X do they need to sell to reach their before-tax profit target? (Round to the next highest unit, if necessary)

Eugene Levy Motor Co. supplied financial information as foll…

Eugene Levy Motor Co. supplied financial information as follows: the 2016 cost of goods manufactured was $27,500; direct labor for the year was $15,200; manufacturing overhead was $12,250; raw material used in production was $10,860; and ending 2016 work-in-process was $19,060. What was the beginning 2016 work-in-process balance?