Johnson Company manufactures and sells a single product. The company's sales and expenses for last year follow: (Click the icon to view the information.) Read the Requirement 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? The total contribution margin is Data table b. What is the total variable expense? The total variable expense is c. How many units were sold? units were sold. d. What is the per-unit variable expense? The per-unit variable expense is e. What is the per-unit contribution margin? The per-unit contribution margin is Now fill in the missing numbers in the table. (Enter the percentages as whole numbers, "XX") Requirement 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? Begin by identifying the formula to compute the breakeven point in units. Johnson Company manufactures and sells a single product. The company's sales and expenses for last year follow: (Click the icon to view the information.) Read the Requirement 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? Data table Begin by identifying the formula to compute the breakeven point in units. The breakeven point in units is b. What is the breakeven point in sales dollars? Begin by identifying the formula to compute the breakeven point in sales dollars. The breakeven point in sales dollars is Requirement 3. Answer the following questions about target profit analysis and safety margin: a. How many units must the company sell in order to earn a profit of $53,000 ? The company must sell units in order to earn a profit of $53,000. b. What is the current margin of safety in units? Begin by identifying the formula to compute the current margin of safety in units. =Marginofsafetyinunits The current margin of safety in units is c. What is the margin of safety in sales dollars? Begin by identifying the formula to compute the margin of safety in dollars. =Marginofsafetyindollars The margin of satety in dollars is d. What is the margin of safety in percentage? Begin by identifying the formula to compute the margin of safety in percentage. Margin of safety as a =percentageofbudgetedsales (Round the percentage to the nearest tenth percent, X.X%.) The margin of safety percentage is %. Johnson Company manufactures and sells a single product. The company's sales and expenses for last year follow: (Click the icon to view the information.) Read the Requirement 1. Fill in the missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: a. What is the total contribution margin? The total contribution margin is Data table b. What is the total variable expense? The total variable expense is c. How many units were sold? units were sold. d. What is the per-unit variable expense? The per-unit variable expense is e. What is the per-unit contribution margin? The per-unit contribution margin is Now fill in the missing numbers in the table. (Enter the percentages as whole numbers, "XX") Requirement 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? Begin by identifying the formula to compute the breakeven point in units. Johnson Company manufactures and sells a single product. The company's sales and expenses for last year follow: (Click the icon to view the information.) Read the Requirement 2. Answer the following questions about breakeven analysis: a. What is the breakeven point in units? Data table Begin by identifying the formula to compute the breakeven point in units. The breakeven point in units is b. What is the breakeven point in sales dollars? Begin by identifying the formula to compute the breakeven point in sales dollars. The breakeven point in sales dollars is Requirement 3. Answer the following questions about target profit analysis and safety margin: a. How many units must the company sell in order to earn a profit of $53,000 ? The company must sell units in order to earn a profit of $53,000. b. What is the current margin of safety in units? Begin by identifying the formula to compute the current margin of safety in units. =Marginofsafetyinunits The current margin of safety in units is c. What is the margin of safety in sales dollars? Begin by identifying the formula to compute the margin of safety in dollars. =Marginofsafetyindollars The margin of satety in dollars is d. What is the margin of safety in percentage? Begin by identifying the formula to compute the margin of safety in percentage. Margin of safety as a =percentageofbudgetedsales (Round the percentage to the nearest tenth percent, X.X%.) The margin of safety percentage is %
