CVP worksheet: How would you get the expected net income of $95,000?

Fixed Variable $2.30 4.70 3.00 $225,000 0.75 97,000 47,500 16,200 92,000 12,300 15,000 0.25 6 Data Section: 7 8 Production costs: 9 Direct materials 10 Direct labor 11 Factory overhead 12 Selling expenses: 13 Sales salaries & commissions 14 Advertising 15 Miscellaneous selling expense 16 General expenses: 17 Office salaries 18 Supplies 19 Miscellaneous general expense 20 21 22 23 24 Selling price per unit 25 Expected unit sales 26 27 28 Answer Section: 29 30 Contribution margin per unit 31 Contribution margin ratio 32 Unit sales at break-even point 33 Dollar sales at break-even point 34 Expected net income $505,000 $11.00 $16.00 120,000 $5.00 31.25% 101,000 $1,616,000 $95,000 26