Required information [The following information applies to the questions displayed below.] Solomon Company makes and sells products with variable costs of $24 each. Solomon incurs annual fixed costs of $413,400. The current sales price is $102. Note: The requirements of this question are interdependent. For example, the $312.000 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. 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. Complete this question by entering your answers in the tabs below. Req D1 Reg D2 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 Required information [The following information applies to the questions displayed below.] Solomon Company makes and sells products with variable costs of $24 each. Solomon incurs annual fixed costs of $413,400. The current sales price is $102. Note: The requirements of this question are interdependent. For example, the $312,000 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. 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. Complete this question by entering your answers in the tabs below. Req D1 Req D2 If the sales price drops to $80 per unit, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) SOLOMON COMPANY Income Statement ! Required information [The following information applies to the questions displayed below.] Solomon Company makes and sells products with variable costs of $24 each. Solomon incurs annual fixed costs of $413,400. The current sales price is $102. Note: The requirements of this question are interdependent. For example, the $312,000 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 $310,000, 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 $310,000, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) SOLOMON COMPANY Income Statement Sales Variable cost Contribution margin Fixed cost 310,000 Net income
