Exercise 5-11 Income reporting and break-even analysis LO C2

Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $120 per unit. The companys annual fixed costs are $596,000

only need answer on percentage of sales, and the blank below

(1) Prepare a contribution margin income statement for Blanchard Company atthe break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Percentage Amount of sales 2,384,000 Sales 1,788,000 Variable costs 0% 596,000 Contribution margin Fixed costs (596,000) Net income (2) Assume the company's fixed costs increase by $134,000. hat amount of sales (in dollars) is needed to break even? Break-Even Point in Dollars i Choose Numerator: Choose Denominator: Break-Even Point in Dollars Break-even point in dollars Contribution margin ratio Total fixed costs 730.000