Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Answer Second Picture Please. F36 fix 7 A B E G H 1 Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16
Answer Second Picture Please.
F36 fix 7 A B E G H 1 Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16 POINTS) 2 Lake Stevens Marina has estimated that fixed costs per month are $350,000 and 3 variable cost per dollar of sales is $0.30. The seling price per dollar of sales is: $1.00 4 5 Required 6 a. What is the break-even point per month in sales dollars? 8 Selling price per dollar of sales $1.00 9 Variable cost per dollar of sales S0.30 10 Contribution margin per dollar of sales S0.70 11 12 Break-even point = $ 350,000 $0.70 $ 500,000 13 14 15 b. What level of sales is needed for a monthly profit of $70,000? TO 17 Sales required = $ 420,000 $0.70 $ 600,000 18 19 20 c. For the month of July, the marina anticipates sales of $1,000,000. What is the 21 expected level of profit? 22 23 Expected profit = $ 700,000 $ 350.000 $ 350,000 24 E4-7 E4-12 P4-9 Ready Circular References Clipboard Font Alignment Number F36 fx B D E G H 27 Consider the following after you have completed the requirements of E4-12 28 Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16 POINTS) 29 Lake Stevens Marina has estimated that fixed costs per month are $365,000 and 30 variable cost per dollar of sales is $0.25 The selling price per dollar of sales is. $1.00 31 Selling price per dollar of sales 32 1. Total fixed costs increase to $365,000. Variable cost per dollar of sales 33 Contribution margin per dollar of sales 34 Break-even point = $ 365,000 $0.70 $ 521,429 35 36 2. Variable costs decline to $0.25 per sales dollar. $1.00 $0.25 $0.75 37 486,667 38 Break-even point = $ 365,000 $0.75 39 40 3. The anticipated sales volume increases to $1,100,000. 41 42 Break-even point = 43 44 Comment on the BEPs from the above 3 analyses. 45 46 47 48 49 E4-7 E4-12 P4-9 + F36 fix 7 A B E G H 1 Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16 POINTS) 2 Lake Stevens Marina has estimated that fixed costs per month are $350,000 and 3 variable cost per dollar of sales is $0.30. The seling price per dollar of sales is: $1.00 4 5 Required 6 a. What is the break-even point per month in sales dollars? 8 Selling price per dollar of sales $1.00 9 Variable cost per dollar of sales S0.30 10 Contribution margin per dollar of sales S0.70 11 12 Break-even point = $ 350,000 $0.70 $ 500,000 13 14 15 b. What level of sales is needed for a monthly profit of $70,000? TO 17 Sales required = $ 420,000 $0.70 $ 600,000 18 19 20 c. For the month of July, the marina anticipates sales of $1,000,000. What is the 21 expected level of profit? 22 23 Expected profit = $ 700,000 $ 350.000 $ 350,000 24 E4-7 E4-12 P4-9 Ready Circular References Clipboard Font Alignment Number F36 fx B D E G H 27 Consider the following after you have completed the requirements of E4-12 28 Exercise 4-12 CVP Analysis, Profit Equation - SEE TEXTBOOK PAGE 4-33. (16 POINTS) 29 Lake Stevens Marina has estimated that fixed costs per month are $365,000 and 30 variable cost per dollar of sales is $0.25 The selling price per dollar of sales is. $1.00 31 Selling price per dollar of sales 32 1. Total fixed costs increase to $365,000. Variable cost per dollar of sales 33 Contribution margin per dollar of sales 34 Break-even point = $ 365,000 $0.70 $ 521,429 35 36 2. Variable costs decline to $0.25 per sales dollar. $1.00 $0.25 $0.75 37 486,667 38 Break-even point = $ 365,000 $0.75 39 40 3. The anticipated sales volume increases to $1,100,000. 41 42 Break-even point = 43 44 Comment on the BEPs from the above 3 analyses. 45 46 47 48 49 E4-7 E4-12 P4-9 +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