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 $ Variable Fixed $ 1,046,000 $ 105,000 1,151,000.00 Look at this income statement - they lost $171,000 Gross Profit $ 349,000.00 Selling Expense Admin Expense $ $ 250,000.00 270,000.00 $ $ Look at the CVP template file on Canvas and see if you can put the given revenue and costs into a CVP income statement for This Company. The problem gives the variable and fixed amounts for each type of expense 100,000 $ 150,000 54,000 $ 216,000 1,200,000 $ 471,000 $ Net Loss $ (171,000.00) 1 Use the following formulas to find the Break even points Create CVP Income Statement Below (or on separate paper) Break even in Units = Fixed Costs / Unit Contribution Margin Break even in $$ = Fixed Costs / Contribution Margin % NOTE: The break even in units will be a whole number you will not have to round. Answers: Break even in Units Break even in $$$ 2 If they increase the number of units sold by 10% (10,000) How much is net income or loss