Refer to the CVP chart in QS 21-14 and solve for each of the items below. 1.
Question:
Refer to the CVP chart in QS 21-14 and solve for each of the items below.
1. Units produced at break-even point
2. Dollar sales at break-even point
3. Capacity in units
4. Are fixed costs greater than $10,000?
5. If 1,400 units are produced and sold is there a profit or a loss?
Data From QS 21-14
Match the descriptions 1 through 5 with labels a through e on the CVP chart.
1. Break-even point
2. Total sales line
3. Loss area
4. Profit area
5. Total costs line
Transcribed Image Text:
$25,000 (d) $20,000 (a) $15,000 $10,000 (e) (c) $5,000 (b) $0 200 400 600 800 1,000 1,200 1,400 1,600 1,800 2,000 2,200 2,400 Units produced and sold Dollars
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In the given graph a represent profit area b represent loss area c ...View the full answer
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