Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Q1 Selling price per unit VC per unit Fixed Cost Sales volume or units sold or sales in unit $27 $9 32,000 20,000 1) Please

image text in transcribed

Q1 Selling price per unit VC per unit Fixed Cost Sales volume or units sold or sales in unit $27 $9 32,000 20,000 1) Please calculate the Total Sales, Total VC, Total CM and Net Income 2) If the sales volume increase by 15%, please calculate the new income statement 4) What is the CM ratio (using the original info privided)? 5) What is the Break-even point in unit and in dollars(using the original info provided)? Q2 ABC business had $450,000 total sales in 2019 and 35% CM ratio. If its sales is to be increased by $100,000 in 2020, please calculate how much will increase in its net income in 2020

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting For Inventory

Authors: Steven M. Bragg

1st Edition

1938910222, 9781938910227

More Books

Students also viewed these Accounting questions

Question

How can you listen critically to others public speeches?

Answered: 1 week ago