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PLEASE help me find the following: Break-even point in unit sales: Break-even in dollars: The margin of safety: DATA GIVEN: THANK YOU SO MUCH FOR
PLEASE help me find the following:
- Break-even point in unit sales:
- Break-even in dollars:
- The margin of safety:
DATA GIVEN:
THANK YOU SO MUCH FOR ANY AND ALL HELP! I GREATLY appreciate it! I will rate 5 starts! TY :)
Break-even point in unit sales: Break-even in dollars: Margin of Safety Evergreen Company Sales Budget For the Year Ended Decemer 31, 2021 Schedule of Expected Cash Collections Evergreen Company Production Budget For the Year Ended Decemer 31, 2021 Evergreen Direct Materials Budget For the Year Ended December 31, 2021 Evergreen Direct Labor Budget For the Year Ended December 31, 2021 Evergreen Manufacturing Overhead Budget For the Year Ended December 31, 2021 Evergreen Ending Finished Goods Inventory Budget For the Year Ended December 31, 2021 Item Production cost per unit: Direct materiak Direct labor Manufacturing overhead Unit product cost Quantity 3.5 yad 0.25 hours 0.25 hours Cost $3.00 per yard $18.00 per hour $29.83 per unit Total \begin{tabular}{r} 10.50 \\ 4.50 \\ 7.46 \\ \hline 22.46 \\ \hline \hline \end{tabular} \begin{tabular}{rr} & 1,500 \\ \hline$ & 21.50 \\ \hline$ & 32,250 \end{tabular} \begin{tabular}{r} 450 \\ 22.46 \\ $10,107 \\ \hline \end{tabular} Cost of ending finished goods inventory $42,357 Evergreen Selling and Adminstrative Expense Budget For the Year Ended Decem ber 31, 2021 Evergreen Cash Budget For the Year Ended December 31, 2021 Evergreen Budgeted Income Statement For the Year Ended December 31, 2021 \begin{tabular}{lr} Sales & 2,848,000 \\ Cost of goods sold & 1,998,724 \\ \cline { 2 - 2 } Gross Margin & 849,276 \\ Seeling and administrative expenses & 579,250 \\ \cline { 2 - 2 } Net operating Income & 270,026 \\ Interest Expense & 9,642 \\ \cline { 2 - 2 } Net Income & 260,384 \end{tabular} Evergreen Budgeted Balance Sheet As of December 31, 2021 Assets Current Assets: \begin{tabular}{|c|c|c|c|} \hline Cash & 319,243 & & \\ \hline Accounts receivable & 200,000 & & \\ \hline Raw materiak inventory & 12,750 & & \\ \hline Finshed goods inventory & 42,357 & & \\ \hline \begin{tabular}{l} Total current assets \\ Plant and equipment: \end{tabular} & & $ & 574,350 \\ \hline Build ings and equipment & 900,000 & & \\ \hline Accumulated depreciation & (404,000) & & \\ \hline Plant and equipment, net & & & 496,000 \\ \hline Total assets & & $ & 1,070,350 \\ \hline \end{tabular} Liabilities and Stockholders' Equity Current Liabilities: Accounts payable $70,272 Stockholders' Equity" Common stock, no par Retained Earnings 419,800 Total stockholder's equity 580,275 Total liabities and stockholders' equity \begin{tabular}{rr} & 1,000,075 \\ \hline$1,070,347 \\ \hline \end{tabular}Step by Step Solution
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