tory Bookmarks Window Help S Weygandt, Accounting Principles, 13e PRINCIPLES OF ACCT I&II (ACC 114/121 ractice Gradebook ORION Downloadable eTextbook signment ne: 11:31 AM / Remaining: 117 min CALCULATOR BACK Problem 22-06A a-d Sandhill Corporation has collected the following information after its first year of sales. Sales were $1,300,000 on 130,000 units, selling expenses $200,000 (40% variable and 60% fed), direct materiais $496,000. drect labor $92,200, administrative expenses s2 74,000 (20% variable and 80% nxed), and manufacturing overhead $360,000 (70% va abie and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. Et has projected that unit sales wat idease by 0% next year. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.) (1) Contribution margin for current year s Contribution margin for projected years (2) Fixed Costs Compute the break-even point in units and sales dollars for the current year Break-even point in units Break-even point in dollars uestion .02 n.1i 15 The compamy has a target net income of $204,000. what is the required sales in dolars for the company to meet its tarpet? version 4 24.10.9 20hn yelet sons.inc. Aa Rignts Reserved. A Div uon or Jonn yrer & Sons.inx. meso Nkr 1 2000:20 Bookmarks Window Help Weygandt, Accounting Principles, 13e PRINCIPLES OF ACCT 1& (ACC 114/ 121) Gradebook ORION Downloadable eTextbook 1 AM/Remaining: 117 min (2) Fixed Costs Compute the break-even point in units and sales dollars for the current year Break-even point in units Break-even point in dollars s The company has a target net ncome o, 204,000, what is the reored sales n dollars for the company to meet its target? Sales dollars required for target net income If the company meets its target net income number, by wh i percentage could its sales fall before it is operating at a loss? That is, what s its margin of safety ratio? (Round answer to i place, e.g. 10.5.) Margin of safety ratio SAVE FOR LATE Question Attempts: 0 of 1 used s Reserved. A Division of John wley & Sansinc ' 000:2018atnmn & sons. In. All Right ac, Poto