Class 3 packet - Saved Search Mailings Review View Help Survey of Accounting Class 3 Packet - p. 4 Part 3 That number of jobs seems doable to W.T. But the whole reason he's going into business is to make a profit. Otherwise, he'll end up using all of his savings and he definitely doesn't have enough to last the entire school year. W.T.'s parents help him cover a number of his expenses, but he needs to generate at least $400 per month to avoid having to use any savings. How many jobs would W.L. need to complete to earn $400% What would that be in dollars (1) Sales volume to eam desired profit in units): Faced costs - Desired profit $ Contribution margin perjob jobs Remember: W.1. can't complete just part of a job. (2) Sales volume to earn desired profit in dollars): Required units X Sales price per unit Sales in dollars required to eam desired profit Check your work Total sales Less: Total variable costs = Total contribution margin Less: Total foxed costs = Total profit Question: Why isn't the profit exactly $4007 Class 3 packet - Saved Search Mailings Review View Help Survey of Accounting Class 3 Packet - p. 4 Part 3 That number of jobs seems doable to W.T. But the whole reason he's going into business is to make a profit. Otherwise, he'll end up using all of his savings and he definitely doesn't have enough to last the entire school year. W.T.'s parents help him cover a number of his expenses, but he needs to generate at least $400 per month to avoid having to use any savings. How many jobs would W.L. need to complete to earn $400% What would that be in dollars (1) Sales volume to eam desired profit in units): Faced costs - Desired profit $ Contribution margin perjob jobs Remember: W.1. can't complete just part of a job. (2) Sales volume to earn desired profit in dollars): Required units X Sales price per unit Sales in dollars required to eam desired profit Check your work Total sales Less: Total variable costs = Total contribution margin Less: Total foxed costs = Total profit Question: Why isn't the profit exactly $4007