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Jenny's Football Jersey Sales, Inc. estimates variable cost to be 30% of sales, and fixed cost to be $200,000. Each Saints T-Shirt has as selling
Jenny's Football Jersey Sales, Inc. estimates variable cost to be 30% of sales, and fixed cost to be $200,000. Each Saints T-Shirt has as selling price of $19.00. Required: A. Compute the break-even point in units and in dollars. B. Compute the profit in dollars assuming actual sales are $1, 200,000. Elizabeth Company want its targeted net income to be $250,000 in 2016. The sell price per unit is $176.00 and the variable cost per unit was $85. The fixed cost is $600,000. Required: (a) Compute the number of units needed to be sold to reach the targeted net income. (b) Compute the sales revenue needed to reach the targeted net income
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