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Question 37 of 41 .../ 10 View Policies Current Attempt in Progress The condensed budgeted income statement for the Phan and Nguyen partnership for 2020 is as follows: PHAN AND NGUYEN LLP Income Statement Year Ending December 31, 2020 Sales (240,000 units) $1,200,000 Cost of goods sold 800,000 Gross profit 400,000 Operating expenses Selling $280,000 Administrative 150,000 430,000 Net loss $(30,000) A cost behaviour analysis indicates that 75% of the cost of goods sold is variable, 42% of the selling expenses are variable, and 40% of the administrative expenses are variable. (Use the CVP income statement format in calculating profits.) (a) 16 ... P W MacBook Pro so $ 546 3 4 % 5 6 & 7 8 9 0 E R T Y U 0 P F G H J K L (b) Phan has proposed a plan to get the partnership out of the red and improve its profitability. She feels that the quality of the product could be substantially improved by spending $0.25 more per unit on better raw materials. The selling price per unit could be increased to only $5.25 because of competitive pressures. Phan estimates that sales volume will increase by 25%. Calculate the break-even point in total sales dollars and in units under the proposed plan. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, eg. 15.25 or 15.25% and final answers to decimal places, eg. 5,275.) $ Break-even point in sales Break-even point in units What effect would Phan's plan have on the partnership's profits and its break-even point in dollars? This plan would effect on the break-even point in units, but : break-even point in sales dollars because It the operating profit before tax from a of $ to a of $ Save for Later Last saved 6 minutes ago Saved work will be auto-submitted on the due date. Attempts: 0 of 1 used Submit Answer P W MacBook Pro $ % 3 4 5 & 7 6 8 9 E R T Y U 0 D F G I J L C B N.