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Please helo answer the following questions. Chapter 5 - Questions with no per-unit data Name Note: You have to use the CMR approach because the
Please helo answer the following questions.
Chapter 5 - Questions with no per-unit data Name Note: You have to use the CMR approach because the following questions do not give you per-unit amounts. 1. Johnson Company earned operating income of $30,000 on sales of $200,000. Johnson has total fixed costs of $50,000 a. What is Johnson's break-even point in sales dollars? V D2L Brightspace Login for Winona State University b. How much will operating income increase by if sales are increased by $80,000? 2. XYZ Company earned operating income of $10.000 on sales of $80,000. Variable costs are 30% of sales. Determine the sales needed to generate operating income of $100,000. 3. What is the breakeven point for a firm with sales of $300,000, total variable costs of $200.000, and total fixed costs of $150,000? 4. Assume a firm's current data is as follows: sales of $300,000, total variable costs of $150,000, and total fixed costs of $100,000? What level of sales is needed to generate operating income of $200,000 Step by Step Solution
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