Required information [The following information applies to the questions displayed below) Vernon Company makes and sells products with variable costs of $24 each Vernon incurs annual fixed costs of $434,160. The current sales price is $105 Note: The requirements of this question are interdependent. For example, the $324.000 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. e. If fixed costs drop to $316,000, 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. Complete this question by entering your answers in the tabs below. Reg E1 Reg E2 If fixed costs drop to $316,000, 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 CRE Req E2 > Required information [The following information applies to the questions displayed below] Vernon Company makes and sells products with variable costs of $24 each. Vernon incurs annual fixed costs of $434,160. The current sales price is $105. Note: The requirements of this question are interdependent. For example, the $324.000 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. e. If fixed costs drop to $316,000, 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: Complete this question by entering your answers in the tabs below. Reg E1 Req E2 If fixed costs drop to $316,000, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) VERNON COMPANY Income Statement 7 Required information [The following information applies to the questions displayed below] Vernon Company makes and sells products with variable costs of $24 each. Vernon incurs annual fixed costs of $434,160. The current sales price is $105. Note: The requirements of this question are interdependent. For example, the $324.000 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. e. If fixed costs drop to $316,000, 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: Complete this question by entering your answers in the tabs below. Reg E1 Req E2 If fixed costs drop to $316,000, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) VERNON COMPANY Income Statement 7
