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3.Please solve this question as early as possible. 3) Popular Inc. produces and sells two products. During the most recent month, Pen's sales were S24,OOO
3.Please solve this question as early as possible.
3) Popular Inc. produces and sells two products. During the most recent month, Pen's sales were S24,OOO and its variable expenses were S7 ,920_ Pencil's sales were S41 ,OOO and its variable expenses were S14, 180. The company's fixed expenses were $40,350. Required: a. Prepare a contribution format income statement for the business. b. Determine the overall breakcwen point for the company in total sales dollars. c. Verify your answer Of requirement b by constructing a contribution income statement. (10 marks)
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