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what is the net income & BEP in sale? what is the correct answer of the Net income & BEP in sales? The concerned income
what is the net income & BEP in sale? what is the correct answer of the Net income & BEP in sales? The concerned income Michelle and Anthony Incesta For the Year Ended December 31, 2022 Sales 300 000 100.000 20 12 Almond Produced There comes to the leader 2002 Michelle and Anthony Income Statement For the Year Ended December 31, 2022 1040.000 000 15:30 SOLO 300 Testo Me Mathew 07 the 20 Am The condensed income statement for the Michelle and Anthony partnership for 2022 is as follows. Michelle and Anthony Company Income Statement For the Year Ended December 31, 2022 Sales (300,000 units $1,500,000 Cost of goods sold 1.040,000 Gross profit 460,000 Operating expenses Selling $350,000 Administrative 154200 504 200 Net loss $(44200) A cost behavior analysis indicates that 75% of the cost of goods sold are variable and 42% of the selling expenses are variable Administrative expenses are $91.200 fixed (a) Your answer is correct Compute the break-even point in sales dollars and in sales units for 2022. Round intermediate calculations to 2 decimal places eg: 15.25 and final answers to decimal places, es 2,520.) Break even point in sales dollars $ 1630000 325000 units Break-even point in units * Your answer is incorrect Michelle has proposed a plan to get the partnership out of the red and improve its profitability. She feels that the quality of the product could be substantially improved by spending $0.27 more per unit on better raw materials. The unit selling price could be increased to $5.25. Michelle estimates that sales volume would increase by 25% Compute net income under Michelle's proposal and the break-even point in sales dollars. (Round intermediate calculations to 2 decimal places eg. 15.25 and break-even point in sale to 2 decimal places, es 2,520.25.) Amounts Net income 91550 Break-even point in sales 1714444
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