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100,000 Units Traditional Income Statement Look at the Income Statement to the right Revenue $1,500,000.00 Revenue is 100,000 units sold for $1,500,000 Cost of Goods

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100,000 Units Traditional Income Statement Look at the Income Statement to the right Revenue $1,500,000.00 Revenue is 100,000 units sold for $1,500,000 Cost of Goods Sold S1,151,000.00 Variable Fixed $ 1,046,000 $ 105,000 Look at this income statement - they lost $171,000 Gross Profit $ 349,000.00 Look at the CVP template file on Canvas and see if you can Selling Expense put the given revenue and costs into a CVP income statement Admin Expense for This Company. The problem gives the variable and fixed amounts for each type of expense Net Loss S 250,000.00 $ 270,000.00 s 100,000 S 150,000 $ 54,000 $ 216,000 $ 1.200,000 S 471,000 S (171,000.00) Create CVP Income Statement Belo (or on separate paper) 1 Use the following formulas to find the Break even points Break even in Units - Fixed Costs / Unit Contribution Margin Break even in $$ - Fixed Costs / Contribution Margin% NOTE: The break even in units will be a whole number you will not have to round. Answers: Break even in Units Break even in SSS 2 if they increase the number of units sold by 10% (10,000) How much is net income or loss? 3 Company sells 2 products Products % of Business Contribution Margin Tablets MP3 Players 60% 40% 30% 35% Fixed Cost $ 120,000 a Break Even in $$$$$ b ol How much $$ Tablets How Much SSMP-3 Players 0

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