Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Legrand Company produces hand cream. In 2018, their financial
2 13 14 15 16 17 18 19 20 21 22 23 24 25 26 Legrand Company produces hand cream. In 2018, their financial information is as follows: Each jar sells for: Total variable cost (materials, labor, and overhead) per jar: Total fixed cost: Total jars sold in 2018: $3.40 $2.55 $58,140 81,600 1. What is the break-even point in units for Legrand? Must use a formula/calculation in the cell for full credit. (2 points) 3.40-2.55.85 per unit. 58140/.85 68,400 units) 2. What is the break-even sales dollar? Must use a formula/calculation in the cell for full credit. (2 points) 85/3.40.25. $232,560 58140/.25- 3. What is the margin of safety in units? Must use a formula/calculation in the cell for full credit. (2 points) 13,200 units 81,600-68400 4. Prepare an income statement for Legrand Company for 2018. Formulas should be used in the cells to calculate values and proper accounting protocols must be followed. The following items are the accounts for the income statement (they are not listed in order here, but must be in the correct order on your income statement!). (9 points) Sales revenue Less: Variable Cost total contribution margin Less: Fixed Cost Operating Income O Calculation Amount 81600 x $3.40 277440 81600 X $2.55 208080 69360 58,140 11,220
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started