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please post answers clearly. 34 of 7 Required information [The following information applies to the questions displayed below) Gibson Company makes and sells products with
please post answers clearly.
34 of 7 Required information [The following information applies to the questions displayed below) Gibson Company makes and sells products with variable costs of $24 each. Gibson Incurs annual fixed costs of $366,360, The current sales price is $95. Note: The requirements of this question are interdependent. For example, the $284,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. 01.05.03 Book d. If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format Print Forences Complete this question by entering your answers in the tabs below. Reg 01 Reg 02 If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. (Do not round Intermediate calculations, Round your final answers to the nearest dollar and round units up to the next whole unit.) Sales volume in units Sales volume in dollars Complete this question by entering your answers in the tabs Reg D1 Reg D2 If the sales price drops to $80 per unit, prepare an income statemen intermediate calculations. Round your final answers to nearest whole GIBSON COMPANY Income Statement Step by Step Solution
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