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14. Enterprise, Inc. needs a forecast (budget) Income Statement and Cost-Volume-Profit information for December 2020. All of Enterprise's costs are mixed costs. The company sells
14. Enterprise, Inc. needs a forecast (budget) Income Statement and Cost-Volume-Profit information for December 2020. All of Enterprise's costs are mixed costs. The company sells one product at a single price per unit. Instructions: a) Make up your own December 2020 Budget data in the following format: Sales Revenue Budget: Sales Units Sales Price per Unit Total Sales Revenue S?? S????? ???? Mixed Cast Data (units and cost must be different on each time to receive credit Units Produced Total C $7129 ??? 592?" 527 b) Calculate your Variable Cost per unit and Total Fixed Cost using the High-low Method. c) Calculate your budget Net Income or Loss for December 2020 for the number of units on your Sales Revenue Budget. d) Calculate your total Contribution Margin (CM) and CM per unit. e) Calculate your Break-Even Sales units and Break-Even Sales Revenue (round to nearest unit and S1 of Sales Revenue)
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