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(SHOW ALL COMPUTATIONS or no credit given) Brunswick Corporation sells bowling bags and has developed the following information: Sales revenue Variable cost of goods sold
(SHOW ALL COMPUTATIONS or no credit given)
Brunswick Corporation sells bowling bags and has developed the following information: Sales revenue Variable cost of goods sold Fixed cost of goods sold Variable operating expenses Fixed operating expenses $2,500,000 65% of sales $152,000 5% of sales! $520,000 For the year ended December 31, 2017, Brunswick Corporation sold 62,500 bowling bags. Instructions-*xSHOW ALL COMPUTATIONS for this problem OR NO CREDII produced and GIVEN (a) Prepare a detailed CVP income statement using the contribution margirn format for Brunswick Corporation for 2017 (b) Compute the contribution margin per unit. (c) Compute the contribution margin ratio. (d) Compute the break-even point in dollars. (e) Compute the margin of safety in dollars. (f) Compute the margin of safety ratio. g) Compute the number of bowling bags to be sold to earn a target income of $383,000Step by Step Solution
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