Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Consider the data below: Units sold Sales Variable Manufacturing Costs Fixed Manufacturing Costs Gross Margin Variable Selling Costs Fixed Selling Costs Operating Income EBIT Income
Consider the data below: Units sold Sales Variable Manufacturing Costs Fixed Manufacturing Costs Gross Margin Variable Selling Costs Fixed Selling Costs Operating Income EBIT Income Taxes at 20% Net Income 4 8,000 $2,000,000 1,120,000 170,000 710,000 80,000 30,000 Based on the data enter your answers without dollar signs, commas, periods or percentage signs. For example for $123,456.00 enter 123456 and for 75% enter 75 Note round all dollar amounts to the nearest dollar. For example $5,875.76 would be entered as 5876 600,000 120,000 $480,000 1. What is the dollar amount of the numerator to calculate the break even point? A/ 2. What Is the denominator if A calculating break even in terms of units? A/ 3 What Is the denominator if calculating break even in terms of dollars? A/ 4 What are the units to break even? 5 What is the revenue to break even? 6 How many units must be sold to A earn operating income of $100,000? 7 What revenue is needed to earn net income of $100,000? A
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