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Required information [The following information applies to the questions displayed below.] Munoz Company makes and sells products with variable costs of $24 each. Munoz incurs
Required information [The following information applies to the questions displayed below.] Munoz Company makes and sells products with variable costs of $24 each. Munoz incurs annual fixed costs of $386,280. The current sales price is $98. Note: The requirements of this question are interdependent. For example, the $296,000 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. b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req B1 Req B2 Determine the break-even point in units and in dollars. (Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) 5,220 Break-even point in units Break-even point in dollars S 511,560 b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Reg B1 Req B2 Prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) MUNOZ COMPANY Income Statement Net income (loss)
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