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K McKnight Company manufactures and sells a single product. The company's sales and expenses for last year follow (Click the icon to view the information.)
K McKnight 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 requirements 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 *** he missing numbers in the table. Use the following questions to help fill in the missing numbers in the table: ribution mar margin is Data table - X Total Per Unit % Sales. $ 120,000 $ 40 2 2 2 3 Variable expenses. Contribution margin 2 13,500 Fixed expenses. $ 16,500 Operating income Print Done e missing numbers in the table. Use the following questions to help fill in the missing numbers in the table Requirements 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? b. What is the total vanable expense? c. How many units were sold? d. What is the per-unit variable expense? e. What is the per-unit contribution margin? 2. Answer the following questions about breakeven analysis a. What is the breakeven point in units? b. What is the breakeven point in sales dollars? 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 $54,000? b. What is the current margin of safety in units? c. What is the margin of safety in sales dollars? d. What is the margin of safety in percentage? - X
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