Question
Maple Enterprises sells a single product with a selling price of $80 and variable costs per unit of $24. The company's monthly fixed expenses are
Maple Enterprises sells a single product with a selling price of $80 and variable costs per unit of $24. The company's monthly fixed expenses are $22,400.
Question Content Area
A. What is the company's break-even point in units?
Break-even units fill in the blank 242717f2a07dfed_1 units
B. What is the company's break-even point in dollars?
Break-even dollars $fill in the blank 242717f2a07dfed_2
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C. Construct a contribution margin income statement for the month of September when they will sell 900 units. Use a minus sign for a net loss if present.
Miscellaneous ExpensesOperating ExpensesPurchasesSalesService RevenueSales | $Sales |
Contribution MarginFixed CostsPurchasesSalesVariable CostsVariable Costs | Variable Costs |
Contribution MarginFixed CostsPurchasesSalesVariable CostsContribution Margin | $Contribution Margin |
Contribution MarginFixed CostsPurchasesSalesVariable CostsFixed Costs | Fixed Costs |
Gross LossGross ProfitNet IncomeNet LossPurchasesNet Income | $Net Income |
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D. How many units will Maple need to sell in order to reach a target profit of $56,000?
New break-even units fill in the blank 6abb5c012fa4f92_1 units
E. What dollar sales will Maple need in order to reach a target profit of $56,000?
New break-even dollars $fill in the blank 6abb5c012fa4f92_2
Question Content Area
F. Construct a contribution margin income statement for Maple that reflects $168,000 in sales volume.
Miscellaneous ExpensesOperating ExpensesPurchasesSalesService Revenue | $- Select - |
Contribution MarginFixed CostsPurchasesSalesVariable Costs | - Select - |
Contribution MarginFixed CostsPurchasesSalesVariable Costs | $- Select - |
Contribution MarginFixed CostsPurchasesSalesVariable Costs | - Select - |
Gross LossGross ProfitNet IncomeNet LossPurchases | $- Select - |
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