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Are my answers correct so far? can you help me finish question 4! Thank you! Lindon Company is the exclusive distributor for an automotive product
Are my answers correct so far? can you help me finish question 4! Thank you!
Lindon Company is the exclusive distributor for an automotive product that sells for $20.00 per unit and has a CM ratio of 30%. The company's fixed expenses are $93,000 per year. The company plans to sell 16,700 units this year. Required: 1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.) 2. What is the break-even point in unit sales and in dollar sales? 3. What amount of unit sales and dollar sales is required to attain a target profit of $33,000 per year? 4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $2.00 per unit. What is the company's new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $33,000? $ 2. $ 1. Variable expense per unit Break-even point in units Break-even point in dollar sales Unit sales needed to attain target profit Dollar sales needed to attain target profit New break-even point in unit sales 14.00 15,500 310,000 21,000 420,000 | $ 4. New break-even point in dollar sales Dollar sales needed to attain target profitStep by Step Solution
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