%E7-40A (similar to) HW Score: 92.11%. 23.03 of 25 pts McKnight Company manufactures and sells a single product. The company's sales and expenses for last year follow. (Click the icon to view the information.) Question Help Read the requirements Requirement 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? The total contribution margin is $ 35,000 b. What is the total variable expense? The total variable expense is $ 105,000 c. How many units were sold? 7.000 units were sold. d. What is the per-unit variable expense? The per-unit variable expense is $ 15 e. What is the per-unit contribution margin? The nariinit nnntributinn mamin le $ 5 Choose from any drop-down list and then click Check Answer. 5 parts remaining Clear All Check Answer Question Help Mcknight Company manufactures and sells a single product. The company's sales and expenses for last year follow (Click the icon to view the information) Read the requirements Now fill in the missing numbers in the table. (Enter the percentages as whole numbers, "XX") Total Per Unit % Sales $ 140,000 $ 20 100 Variable expenses 105,000 15 75 Contribution margin 35,000 5 25 Fixed expenses... 14.000 21,000 Operating Income ....... Requirement 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? Begin by identifying the formula to compute the breakeven point in units Operating income Fixed expenses )4 Contribution margin per unit - Breakeven sales in units + The breakeven point in units is 2,800 Choose from HW Score: 92,11%, 23.03 of 25 pts E7-40A (similar to) A Requirements 0 Mcknight Company manufactures and sells a single product. The company's sales and expenses for last year follow (Click the icon to view the information.) Read the requirements The breakeven point in units is 2.800 b. What is the breakeven point in sales dollars? Begin by identifying the formula to compute the breakeven point in sales dolars Operating income Fixed expenses > + Contribution margin rato = Breakeven sales in 1. Fill in the missing numbers in the table. Use the following questions to help sal in the missing numbers in the table a. What is the total contribution margin? b. What is the total variable expense? C. How many units were sold? d. What is the per-unit variable expense? .. What is the per-unit contribution margin? 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units b. What is the breakeven point in sales dolars? 3. Answer the folowing questions about target profit analysis and safety margin. a. How many units must the company sell in order to eam a profit of $52,000? b. What is the current margin of safety in units? c. What is the margin of safety in sales dollare? d. What is the margin of safety in percentage? The breakeven point in sales dollars is S 56,000 Requirement 3. Answer the following questions about target profit analysis and safety margin: a. How many units must the company set in order to eam a profit of $62,000? The company must sell 13,200 units in order to eam a profit of $52,000 b. What is the current margin of safety in units? Begin by identifying the formule to compute the current margin of safety in units Print Done Margin of safety in units $ TOAN Perum 140,000 $ 20 ? 7 Sales........ Variable expenses..... Contribution margin.... 2 2 2 Choose from any drop-down list and then click Check Answer 2 2 7 5 parts remaining ? 14,000 Clear All Fixed expenses Answer Orarinn in S 21,000 21
