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Exercise 21-10 (Algo) Income reporting and break-even analysis LO P2 Sunn Company manufactures a single product that sells for $120 per unit and whose variable
Exercise 21-10 (Algo) Income reporting and break-even analysis LO P2 Sunn Company manufactures a single product that sells for $120 per unit and whose variable costs are $90 per unit. The company's annual fixed costs are $432,000. (1) Prepare a contribution margin income statement at the break-even point. (2) If the company's fixed costs increase by $129,000, what amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement at the break-even point. SUNN COMPANY Contribution Margin Income Statement (at Break-Even) Amount $ 0 Exercise 21-10 (Algo) Income reporting and break-even analysis LO P2 Sunn Company manufactures a single product that sells for $120 per unit and whose variable costs are $90 per unit. The company's annual fixed costs are $432,000. (1) Prepare a contribution margin income statement at the break-even point. (2) If the company's fixed costs increase by $129,000, what amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 If the company's fixed costs increase by $129,000, what amount of sales (in dollars) is needed to break even? Break-Even Point in Dollars Denominator: Numerator: 1 = Break-Even Point in Dollars Break-even point in dollars = 0
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