F&G
Check my work 9 Part 6 of Required information [The following information applies to the questions displayed below. 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. 3.63 points 2014 Book f. If variable cost rises to $30 per unit, what level of sales is required to cam the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format References Complete this question by entering your answers in the tabs below. R 1 Reg 2 If variable cost rises to $30 per unit, what level of sales is required to earn the desired profit? (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 0 (2020-FALL7WK2) 7 M Connect M MHE Reader C Chogg Customer Se omework Saved Help Save & Exit Check applies to the subsequent requirements. 7 f. If variable cost rises to $30 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. Complete this question by entering your answers in the tabs below. 33:59 Req F1 Reg F2 ok If variable cost rises to $30 per unit, prepare an income statement using the contribution margin format. ances GIBSON COMPANY Income Statement Cost of goods sold Fixed cost Sales Selling expenses Variable cost Check my work 10 Part 7 of 7 Required information [The following information applies to the questions displayed below) 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 3.63 points 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 S80 sales price introduced in Requirement d applies to the subsequent requirements. 8 03338 Boom References 9. Assume that Gibson concludes that it can sell 11,600 units of product for shoeach Recall that variable costs are $30 each and fixed costs are $296,000. Compute the margin of safety in units and dolas and percentage (Do not round Intermediate calculations. Round your answers to the nearest whole number. Round your percentage answer to nearest whole percentage For example, 0.1234 should be entered as 12%) Margin of safety in units Margin of safety in dollars Margin of safety %
