Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please show work for 1 and 2 The budgets of four companies yield the following information: (Click the icon to view the budget information for
Please show work for 1 and 2
The budgets of four companies yield the following information: (Click the icon to view the budget information for the four companies.) Requirements 1. Fill in the blanks for each company. 2. Compute breakeven, in sales dollars, for each company. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point? Requirement 1. Fill in the blanks for each company. (Round the contribution margin per unit and ratio calculations to two decimal places.) i Data Table Target sales..................$ Variable expenses.............. 625,000 125,000 130,000 Fixed expenses.......... Operating income (loss)...... $ Units sold. Contribution margin per unit .... $ Contribution margin ratio ....... Company Q R S 625,000 $ 450,000 $ 181,250 T Target sales.......................$ Variable expenses .......... 125,000 159,750 153,000 98,000 130,000 $ $ 143,000 Fixed expenses. ......... Operating income (loss)...... $ Units sold ....... Contribution margin per unit .. $ 120,000 11,600 10.00 $ 17,750 36.00 6.25 Contribution margin ratio ... 0.60Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started