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The condensed budgeted income statement for the Jennifer and David partnership for 2022 is as follows: JENNIFER AND DAVID LLP Income Statement Year Ending December
The condensed budgeted income statement for the Jennifer and David partnership for 2022 is as follows: JENNIFER AND DAVID LLP Income Statement Year Ending December 31, 2022 Sales (216,000 units) $1,080,000 Cost of goods sold 720,000 Gross profit 360,000 Operating expenses Selling $252,000 Administrative 135,000 387,000 Operating loss $(27,000) A cost 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 operating income.)(a) Calculate the break-even point in total sales dollars and in units for 2022. (Round contribution margin per unit to 2 decimal places, e.g. 1.25, contribution margin ratio to 1 decimal place, e.g. 15.2% and final answers to O decimal places, e.g. 5,275.) Break-even point in sales 1156705 Break-even point in units eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Using multiple attempts will impact your score. 10% score reduction after attempt 2
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