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2. You have gathered the following data for your new line of engagement rings: B Sales 7 Fixed Costs 5 Variable Costs 6 Mixed Costs
2. You have gathered the following data for your new line of engagement rings: B Sales 7 Fixed Costs 5 Variable Costs 6 Mixed Costs 7 Unit Sales 8 9 Required: $ 1,00,00,000 $ 80,00,000 $ 60,00,000 $ 20,00,000 NOTE: 60% fixed, 40% variable 2,000 units 20 a] Calculate the unit selling price. 21 b] Calculate the total variable costs. 22 c] Calculate the total fixed costs. 23 d] Calculate the breakeven point, in units and revenue. 24 e] Prepare the breakeven income statement below: 25 f] When preparing the breakeven income statement, 26 what is the total Contribution Margin
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