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Broadening Your Perspective 5-2 (Part Level Submission) The condensed income statement for the Peri and Paul partnership for 2017 is as follows. PERI AND PAUL
Broadening Your Perspective 5-2 (Part Level Submission) The condensed income statement for the Peri and Paul partnership for 2017 is as follows. PERI AND PAUL COMPANY For the Year Ended December 31, 2017 $1,200,000 800,000 400,000 Sales (240,000 units) Cost of goods sold Gross profit Operating expenses Selling Administrative $280,000 150,000 3,000 Net loss $(30,000) A cost behavior analysis indicates that 75% of the cost of goods sold are variable, 44% of the selling expenses are variable, and 44% of the administrative expenses are variable. (Round to nearest unit, dollar, and percentage, where necessary. Use the CVP income statement format in computing profits.) Your answer is partially correct. Try again Compute the break-even point in total sales dollars and in units for 2017. (Round intermediate calculations to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 2,520.) Break-even point in dollars 1287759 Break-even point in units 257778 units
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