Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Find the break even point Ohio Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per
Find the break even point Ohio Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The companys annual fixed costs are $630,000 Prepare a contribution margin income statement for ohio Company at the break-even point. 2.Assume the companys fixed costs increase by $135,000. What amount of sales (in dollars) is needed to break even? 3. Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $128 per unit. The company targets an annual after-tax income of $640,000. The company is subject to a 20% income tax rate. Assume that fixed costs remain at $464,000. Ohio Company management predicts $570,000 of variable costs, $870,000 of fixed costs, and a pretax income of $369,500 in the next period. Management also predicts that the contribution margin per unit will be $67
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started