Kibble Company had the following functional income statement for the month of July 2011: Calculate Kibble Company's
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Kibble Company had the following functional income statement for the month of July 2011:
Calculate Kibble Company's break-even sales inunits
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Kibble Company Functional Income Statement For the Month Ending July 31, 2011 $1,000,000 Sales (S40 x 25,000) Cost of goods sold Direct materials (S8 x 25,000) $200,000 150,000 125,000 Variable factory overhead (S5.00 x 25,000) 180,000 -655,000 S345,000 Uross profit . Selling and administrative expenses Variable (S1.00 x 25,000) Fixed Net income $25,000 60,000 85,000 S 260,000
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Financial Accounting Tools for Business Decision Making
ISBN: 978-1119368458
7th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
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