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Exercise 4-24 Basic Cost-Volume-Profit Concepts Berry Company produces a single product. The projected income statement for the coming year is as follows: Sales (24,000 units
Exercise 4-24 Basic Cost-Volume-Profit Concepts Berry Company produces a single product. The projected income statement for the coming year is as follows: Sales (24,000 units @ $75) $1,800,000 Less: Variable costs 594,000 Contribution margin 1,206,000 Less: Fixed costs 984,025 Operating income $ 221,975 Complete Exercise 4-24, and provide the following information: NOTE: enter numbers without $,or! For instance, if the answer is $28.452, enter the number as 28.45 If your answer is $108,000.00, enter the number as 108000 If the answer is a percentage enter it as a percentage. for instance, if the answer is 0.4523, enter it as 45 (without the %) Round percentages or numbers to 2 decimal places. Required: (1) The unit contribution margin is A dollars. The break- even in units is A units. (2) Operating income is A dollars. (3) The contribution margin ratio is A percent. The break-even sales revenue is A dollars. If revenues were $500,000 more than expected for the coming year, total operating income would be dollars
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