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View Policies Current Attempt in Progress The condensed budgeted income statement for the Phan and Nguyen partnership for 2020 is as follows: PHAN AND NGUYEN LLP Income Statement Year Ending December 31, 2020 Sales (240,000 units). $1,200,000 Cost of goods sold 800,000 Gross profit 400,000 Operating expenses Selling $280,000 Administrative 150,000 430,000 Netloss $(30,000) Acost behaviour analysis indicates that 75% of the cost of goods sold is variable, 42% of the selling expenses are varia of the administrative expenses are variable. (Use the CVP income statement format in calculating profits.) (a) SOAL W MacBook Pro OOO 57 FB a $ % 2 3 4 5 & 7 CO 8 9 W E R. T Y 0 S c Question 37 of 41 .../10 (b) Phan has proposed a plan to get the partnership out of the red" and improve its prohtability. She feels that the quality of the product could be substantially improved by spending $0.25 more per unit on better raw materials. The selling price per unit could be increased to only $5.25 because of competitive pressures. Phan estimates that sales volume will increase by 25%. Calculate the break-even point in total sales dollars and in units under the proposed plan. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, eg. 15.25 or 15.25% and final answers to decimal places, e.g. 5,275.) $ 1349642 Break-even point in sales Break-even point in units What effect would Phan's plan have on the partnership's profits and its break-even point in dollars? This plan would have no effect on the break-even point in units, but . Increases: break-even point in sales dollars because It increases the operating profit before tax from a loss of 30000 to a pront of $ Attempts: 0 of 1 used Submit Answer Save for Later Last saved 37 seconds ago Saved work will be auto-submitted on the due date 11 15 P W MacBook Pro 30 300 go 23 si S 2 % 5 3 & 7 4 6 8 9 0 W E R a Y U 0 S D F G H J View Policies Current Attempt in Progress The condensed budgeted income statement for the Phan and Nguyen partnership for 2020 is as follows: PHAN AND NGUYEN LLP Income Statement Year Ending December 31, 2090 Sales (240,000 units) $1,200,000 Cost of goods sold 800,000 Gross profit 400.000 Operating expenses Selling $280.000 Administrative 150,000 430,000 Net loss $130,000) Acost behaviour analysis indicates that 75% of the cost of goods sold is variable, 42% of the selling expenses are variable, and 40% of the administrative expenses are variable. (Use the CVP income statement format in calculating profits) (a) P W MacBook Pro des 30 2 3 $ 4 & 7 5 6 8 9 0 W E R T Y U 0 P S D F G I J L C V B N M .../10 TI Phan has proposed a plan to get the partnership out of the red' and improve its profitability. She feels that the quality of the product could be substantially improved by spending $0.25 more per unit on better raw materials. The selling price per unit could be increased to only $5.25 because of competitive pressures. Phan estimates that sales volume will increase by 25% Calculate the break-even point in total sales dollars and in units under the proposed plan. (Round contribution margin per unit and contribution margin ratio to 2 decimal places, es 15.25 or 15.25% and final answers to decimal places, es 5,275.) $ 1349642 Break-even point in sales Break-even point in units What effect would Phan's plan have on the partnership's profits and its break-even point in dollars? This plan would have not effect on the break-even point in units, but increases: break-even point in sales dollars because It increases the operating profit before tax from a loss of $ 30000 to profit of $ Attempts: 0 of 1 used Save for Later Last saved 37 seconds ago Saved work will be auto-submitted on the due date Submit Answer P MacBook Pro GO $ 2 3 5 6 7 8 9 0 W E R T Y U 0 S D F G H L J > C V | NM ommand command optie