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The following information relates to the operations of JB Margaritaville Productions, Inc. during the current year: Raw materials used to produce 10,000units$20,000 Direct labor wages
The following information relates to the operations of JB Margaritaville Productions, Inc. during the current year:
Raw materials used to produce 10,000units$20,000
Direct labor wages to produce 10,000 units60,000
Salessalaries50,000*
Rent on production facilities30,000*
*Fixed Cost
Units produced for the year10,000
Units sold for the year9,000
Selling price perunit$20.00
Based on the information above, determine the following:
- Sales Revenue
- Cost of goods sold
- Net income
- Contribution margin
- Break-even point:
- In Units
- In Dollars
- Break-even point if desired target profit is $75,000
- In Units
- In Dollars
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