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Please answer the following questions using the template provided. Legrand Company produces hand cream in plastic jars. Each jar sells for $3.40. The variable cost
Please answer the following questions using the template provided.
Legrand Company produces hand cream in plastic jars. Each jar sells for $3.40. The variable cost for each jar (materials. labor, and overhead) total $2.55. Total fixed cost is $58,140. During the most recent years, 81,600 jars were sold. 1. What is the break-even point in units for Legrand? What is the margin of safety in units for the most recent year? 2. Prepare an income statement for Legarnd's most recent year. 3. How many units must be sold for Legrand to earn a profit of $25,500? 4. What is the level of sales dollars needed for Legrand to earn operating income of 10% of sales? Enter calculations below as needed: 1a. Break Even units: 1b. Margin of safety units: 2. Income statement Sales revenue Total variable cost Total contribution margin Total fixed cost Operating income 3. Units for target profit 4. Sales dollars to reach target operating incomeStep by Step Solution
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