Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

rk-PDR Question 10 of 10. February March Sales revenue $25,000 $37,500 Cost of goods sold 10,000 15,000 Gross profit 15,000 22,500 Rent expense 1,500 1,500

image text in transcribedimage text in transcribed rk-PDR Question 10 of 10. February March Sales revenue $25,000 $37,500 Cost of goods sold 10,000 15,000 Gross profit 15,000 22,500 Rent expense 1,500 1,500 Wages expense 3,500 5.000 Shipping expense 1,100 1,650 Utilities expense 750 750 Advertising expense 1,000 1,400 Insurance expense 585 585 Operating income $6,565 $11,615 Sales 0.33/1 Total Per unit 37500 $ 12.50 Variable expenses Cost of goods sold Shipping 15000 1650 55 Advertising 1200 40 Wages 4500 1.50 Total variable expenses 22350 7.45 Contribution margin 15150 $ 5.05 Fixed expenses Insurance 0 585 1500 Rent Utilities 750 Wages : 500 200 Advertising Total fixed expenses 3535 Operating Income 11615 eTextbook and Media. Attempts: 1 of 3 used E (d) Blake wasn't happy with the projected income statement you showed him for a sales level of 1,500 stuffed mascots. He wants to know how many stuffed mascots he will need to sell to earn $5,555 in operating income. (Round per unit to 2 decimal places and final answer to O decimal places, e.g. 5,275.) mascots. As a safety net, he also wants to know how many stuffed mascots he will need to sell to break even. (Round per unit to 2 decimal places and final answer to O decimal places, e.g. 5,275.) mascots

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

Cost Management Measuring Monitoring And Motivating Performance

Authors: Leslie G. Eldenburg, Susan Wolcott, Liang Hsuan Chen, Gail Cook

2nd Canadian Edition

1118168879, 9781118168875

More Books

Students also viewed these Accounting questions

Question

What do their students end up doing when they graduate?

Answered: 1 week ago