Answer BE5-12

222 5 Cost-Volume-Profit Variable Fixed $920,000 $440,000 Cost of goods sold 45,000 70,000 Selling expenses 98,000 86,000 Administrative expenses Prepare a CVP income statement for the quarter ended March 31, 2014. Compute the break-even point. BES-8 Rice Company has a unit price of $520, able costs per unit of $286 (LO 6, AP fixed costs of $163,800. Compute the break-even point in units using the mathematica equation and (b) contribution margin per unit Compute the break even point. BES-9 Acorn Corp. had total variable costs of $180,000, total fixed costs of s170,000. and total revenues of $300,000. Compute the required sales in dollars to break even. (LO 6), AP Compute sales for target net BE5-10 For Flynn Company, variable costs are 70% of sales, and fixed costs are $195,000. Management's net income goal is $75,000. Compute the required sales in dollars needed to achieve management's target net income of $75,000. (Use the contribution margin (LO 7), AP approach.) Compute the margin of safety BE5-11 For Stevens Company, actual sales are si.000,000 and break-even sales are and the margin of safety ratio. $840,000. Compute (a) the margin of safety in dollars and (b) the margin of safety ratio. (LO 8), AP BE5-12 Deines Corporation has fixed costs of $480,000. It has a unit selling price of $6. Compute the required sales in unit variable costs of $4.40, and a target net income of $1,500,000. Compute the required units for target net income. sales in units to achieve its target net income. (LO 70, AP DO IT! REVIEW