D&E
Check my work 7. Gibson Company makes and sells products with variable costs of $24 each. Gibson Incurs annual fixed costs of $366,360. The current sales price is $95. Note: The requirements of this question are interdependent. For example, the $284,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Part 4 of 7 3.63 points d. If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. 01:36:57 Complete this question by entering your answers in the tabs below. Book References Reg Di Reg D2 If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. (Do not round Intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Sales volume in units Sales volume in dollars Reg D2 20 (2020 FALL7WK21 7 M Connect MMC Roader omework Saved d. If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Exp dollars. Prepare an income statement using the contribution margin format. 7 Complete this question by entering your answers in the tabs below. Reg Di Reg D2 -36:32 If the sales price drops to $80 per unit, prepare an income statement using the contribution margin format. intermediate calculations. Round your final answers to nearest whole number.) book GIBSON COMPANY rences Income Statement Cost of goods sold Fixed cost Sales Selling expenses Variable cost Req 01 Check my work 00 Gibson Company makes and sells products with variable costs of $24 each. Gibson incurs annual fixed costs of $366,360. The current sales price is $95. Note: The requirements of this question are interdependent. For example, the $284.000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements, Part 5 of 7 3.63 points 8003824 e. If fixed costs drop to $296,000, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format Book Complete this question by entering your answers in the tabs below. References Reg E1 Reg 2 If fixed costs drop to $296,000, what level of sales is required to earn the desired profit? Express your answer in units and dollars. (Do not round Intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Sales volume in units sales volume in dollars Ch Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. e. If fixed costs drop to $296,000, what level of sales is required to earn the desired profit? Express your answer in units and Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req E1 Reg E2 If fixed costs drop to $295,000, prepare an income statement using the contribution margin format. (Do not round Intermediate calculations. Round your final answers to nearest whole number) GIBSON COMPANY Income Statement
