Question
Income Statement, Break-Even Units, Units to Earn Target Income Khaling Company sold 19,000 units last year at $18.00 each. Variable cost was $14.60, and total
Income Statement, Break-Even Units, Units to Earn Target Income
Khaling Company sold 19,000 units last year at $18.00 each. Variable cost was $14.60, and total fixed cost was $68,000.
Required:
1. Prepare an income statement for Khaling for last year.
2. Calculate the break-even point in units.
3. Calculate the units that Khaling must sell to earn operating income of $20,400 this year.
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Acca Financial Reporting Practice And Revision Kit
Authors: BPP Learning Media
1st Edition
1509738053, 978-1509738052
