Koontz, Ltd had the following income statement for 2009 Required (a) Prepare a break even graph for Koontz, Ltd (b) Prepare a pro iuml not t volume graph for Koontz, Ltd (c) Prepare a short explanation for company management about each of the graphs Sales (30,000 gallons Variable Costs $14) $420,00...

a b c Two graphs have been prepared for Koontz Ltd to analyze the revenues costs and profit associat ...

Koontz, Ltd. had the following income statement for 2009 Required: (a) Prepare a break-even graph for Koontz,

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Koontz, Ltd. had the following income statement for 2009

Required:
(a) Prepare a break-even graph for Koontz, Ltd.
(b) Prepare a proï¬t-volume graph for Koontz, Ltd.
(c) Prepare a short explanation for company management about each of the graphs.

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Core Concepts of Accounting

ISBN: 978-0470499474

2nd edition

Authors: Cecily A. Raiborn

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Question Posted: Mar 27, 2015 07:00 AM

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Koontz, Ltd. had the following income statement for 2009 Required: (a) Prepare a break-even graph for Koontz,

Question:

Sales (30,000 gallons Variable Costs $14) $420,000 Production (30,000 gallons $6) $180,000 Selling (30,000 gallons $0.50) 15,000 (195,000) $225,000 Contribution margin Fixed costs Production Selli 52,500 64,000 16,500) ng and Administrative Income before Taxes S108,500

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