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Survey of Accounting: Home Work #2: CVP: Due Date October 7, 2019 ChowMein Company is the exclusive Montana distributor of lawn mowers for a small

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Survey of Accounting: Home Work #2: CVP: Due Date October 7, 2019 ChowMein Company is the exclusive Montana distributor of lawn mowers for a small manufacturing company. It sells only one model at $600 per unit and for which ChowMein pays $250. ChowMein's other variable costs amount to $50 per unit. Fixed costs are $2,000. In April, ChowMein sold 15 lawn mowers and it sold 20 in May. Required: Calculate the following values: 1. Monthly break-even point in sales dollars 2. Monthly break-even point in units 3. Monthly income for April 4. Monthly income for May 5. Margin of safety for April (25 marks)

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