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The CVP income statement for Cullumber Machine Company for 2021 appears below. CULLUMBER MACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales
The CVP income statement for Cullumber Machine Company for 2021 appears below. CULLUMBER MACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales (40,000 units) $1,120,000 Variable expenses 761,600 Contribution margin 358,400 Fixed expenses 420,000 Net income (loss) ($61,600) Answer the following independent questions. (a) Your answer has been saved. See score details after the due date. What was the company's break-even sales dollars in 2021? Break-even point in sales dollars $ 1312500 (b) Your answer has been saved. See score details after the due date. How many additional units would the company have had to sell in 2022 to earn a net income of $63.840? Additional units 54000 Attempts: 1 of 1 used i (c) If the company reduces variable costs by $2.50 per unit in 2022 while other costs and unit revenues remain unchanged, how many units will the company have to sell to earn a net income of $63,840? (Round per unit value to 2 decimal places, eg. 52.75. Final answer to O decimal places, eg 5.275) Number of units sold Save for Later units Attempts: 0 of 1 used Submit
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