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I need a new first page that shows the increses. Product #1 Unit CM CM % ASSUMPTIONS Product #1: Sales price per unit Variable costs
I need a new first page that shows the increses.
Product #1 Unit CM CM % ASSUMPTIONS Product #1: Sales price per unit Variable costs per unit Hand-held pliers 15.00 Cornell Tool Manufacturingg Pro Forma Contribution Margin Income Statement For the fiscal year ended December 31 20.00 material 8,000 Total Packa Raw material Grip material Shi Sales commission 1.00 2.00 0.50 -in units Sales revenue Less: variable costs Contribution margin Less: fixed costs Operating income -in sales revenue 96,000.00 volume 1.00 5.00 -in units in sales revenue $360,000.00 18,000 120,000.00 168,000.00 Total variable cost per unit Annual fixed costs Questions: Metal molding machine Plastic molder Sander Employee costs (1) If Comell achieves its expected monthly sales in units, will the company breakeven? Yes S 15,000.00 5,000.00 120,000.00 1.600 150,000.00 (2) Based on your projections, will Cornell achieve its target profit level for the first fiscal year? Total fixed costs Expected monthly sales in units Target profit-level for the first fiscal vear es (3) Based on your projections, by how much will Cornell exceed and/or miss its target profit? Exceed by 18,000 (4) If Cornell achieves its expected monthly sales in units, how many months will it take the company to breakeven? 5 months (5) Based on your projections, what will be the company's margin of safety (in dollars)? 184000Step by Step Solution
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