Question
High-Low Cost Estimation and Profit Planning Comparative 2017 and 2018 income statements for Bismark Products Inc. follow: BISMARK PRODUCTS INC. Comparative Income Statements For Years
High-Low Cost Estimation and Profit Planning Comparative 2017 and 2018 income statements for Bismark Products Inc. follow:
| BISMARK PRODUCTS INC. Comparative Income Statements For Years Ending December 31, 2017 and 2018 | ||
|---|---|---|
| 2017 | 2018 | |
| Unit sales | 6,000 | 11,000 |
| Sales revenue | $ 78,000 | $ 143,000 |
| Expenses | (70,000) | (85,000) |
| Profit (loss) | $ 8,000 | $ 58,000 |
(a) Determine the break-even point in units. Answer
Incorrect Mark 0.00 out of 1.00
units (b) Determine the unit sales volume required to earn a profit of $12,000. Answer
Incorrect Mark 0.00 out of 1.00
units
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Financial Accounting A Practical Version
Authors: Abanis Turyahebwa ,Kasozi Geoffrey
1st Edition
6205489481, 978-6205489482
