Portal Manufacturing has total fixed costs of $520,000. A unit of product sells for $15 and variable
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Question:
Portal Manufacturing has total fixed costs of $520,000. A unit of product sells for $15 and variable costs per unit are $11.
a). Prepare a contribution margin income statement showing predicted net income (loss) if Portal sells 100,000 units for the year ended December 31.
b). At a minimum, how many units must Portal sell in order not to incur a loss? Also, show proof by preparing a Contribution Margin Income Statement.
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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