Answered step by step
Verified Expert Solution
Question
1 Approved Answer
i cannot answer this question, i have been at it for an hour! please help! Practice #2-No unit costs: Here is the income statement from
i cannot answer this question, i have been at it for an hour! please help!
Practice #2-No unit costs: Here is the income statement from last month: Sales $1,050,000 ($735,000) $315,000 ($210,000) $105,000 Variable Expenses Contribution Margin Fixed Expenses Operating income cMA- 3 a. What is the breakeven point in sales dollars? b. What level of sales do we need to make a profit of $100,000? Prove your answer with a contribution income statement. C. We are putting all of our goods on sale at 12.5% off. What is the new CM Ratio? d. Using the new CM ratio, what level of sales do we need to make a Prove your answer with a contribution income statement profit of $100,000? e. Which do you think willl work better - b or d? Fixed ExpensesS100,000 CMR 1-1 007000 P 3 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