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Consider the following data for the year ended December 31, 2021 for Donald's Office Supplies. Per Unit $375 Sales Price $225 Less: Variable Costs $150
Consider the following data for the year ended December 31, 2021 for Donald's Office Supplies. Per Unit $375 Sales Price $225 Less: Variable Costs $150 Contribution Margin Fixed Costs $42,000 Currently sales are at 300 units. ALL CALCULATIONS MUST BE SHOWN Required: 1. Prepare a Contribution Format Income Statement for the year ended December 31, 2021. Include the Total, Per Unit and Percentage totals in the income statement. 2. Determine the sales in dollars and sales in units required to break even. 3. Determine the sales in dollars and sales in units required to make a $225,000 profit per year
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