Required information [The following information applies to the questions displayed below.] Benson Company makes and sells products with variable costs of $24 each. Benson incurs annual fixed costs of $333,960. The current sales price is $90. Note: The requirements of this question are interdependent. For example, the $264,000 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 $286,000, 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req E1 Req E2 If fixed costs drop to $286,000, 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 8,333 X 750,034 X Sales volume in dollars $ Required information [The following information applies to the questions displayed below.] Benson Company makes and sells products with variable costs of $24 each. Benson incurs annual fixed costs of $333,960. The current sales price is $90. Note: The requirements of this question are interdependent. For example, the $264,000 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 $286,000, 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req E1 Reg E2 If fixed costs drop to $286,000, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) BENSON COMPANY Income Statement Sales S 749,970 X Variable cost 199,922 X Contribution margin $ 549,978 Fixed cost 286,000 Net income $ 263,978 Required information [The following information applies to the questions displayed below.] Benson Company makes and sells products with variable costs of $24 each. Benson incurs annual fixed costs of $333,960. The current sales price is $90. Note: The requirements of this question are interdependent. For example, the $264,000 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 $286,000, 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req E1 Req E2 If fixed costs drop to $286,000, 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 8,333 X 750,034 X Sales volume in dollars $ Required information [The following information applies to the questions displayed below.] Benson Company makes and sells products with variable costs of $24 each. Benson incurs annual fixed costs of $333,960. The current sales price is $90. Note: The requirements of this question are interdependent. For example, the $264,000 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 $286,000, 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. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Req E1 Reg E2 If fixed costs drop to $286,000, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) BENSON COMPANY Income Statement Sales S 749,970 X Variable cost 199,922 X Contribution margin $ 549,978 Fixed cost 286,000 Net income $ 263,978
