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Case Machinery showed the following operating budget for the next year. Complete parts (a) through (d) below. Each scenario is independent. Sales $2,100,000 Fixed
Case Machinery showed the following operating budget for the next year. Complete parts (a) through (d) below. Each scenario is independent. Sales $2,100,000 Fixed cost $1,200,000 Total variable cost 780,000 Total cost Net income 1,980,000 $120,000 The contribution rate is 0.6286. (Round to four decimal places as needed.) (b) How much does Case Machinery need to sell to break even? Case Machinery needs to sell $ 1,909,091. (Round to the nearest dollar as needed.) (c) If the company has to spend $250,000 on marketing, how much does Case Machinery need to sell to break even? Case Machinery needs to sell $ 2,306,713. (Round to the nearest dollar as needed.) (d) If sales increase by 13%, what would the resulting net income be? The net income would be $ (Round to the nearest dollar as needed.)
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