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Mechem Corporation produces and sells a single product called Starlight. In April, 2017, the company sold 2,100 units. Its total sales were $205,800, its total
Mechem Corporation produces and sells a single product called Starlight. In April, 2017, the company sold 2,100 units. Its total sales were $205,800, its total variable expenses were $107,100, and its total fixed expenses were $82,400. Unit selling price is $98, and unit variable cost is $51. Required: a) Prepare the company's contribution format income statement for the month ended April 30, 2017 Include 2 columns, one for dollars and one for percentages for sales, variable expenses, and contribution margin b) What is the company's breakeven point in units and in sales dollars? c) Redo the company's contribution format income statement assuming that the company sells 2,200 units
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