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Calculate the breakeven volumes, sales dollars, and the margin of safety ratio based on at least two different sales assumptions. Prepare the cost volume profit
- Calculate the breakeven volumes, sales dollars, and the margin of safety ratio based on at least two different sales assumptions.
- Prepare the cost volume profit analysis for the first quarter using output units prepared by the Marketing Department. Sales are expected to range between 50,000 to 95,000 per quarter. Create your own estimates for the sales volumes.
- Determine target pricing to achieve a profit of $425,000 for the first quarter.(Discuss your assumptions).
- Prepare a CVP Income statement for your company (outline your assumptions).
- Select the most appropriate responsibility accounting system to make sure each manager meets his/her target spending plan budgets. (Discuss the difference between budgetary systems: cost center, revenue center, etc.) Explain why you chose the responsibility accounting system.
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