Question: 1. REQUIRED a. Prepare a contribution income statement for July. b. Determine the break-even point in sales dollars. Note: Do not round intermediate calculations Note:

the break-even point in sales dollars. Note: Do not round intermediate calculations

REQUIRED a. Prepare a contribution income statement for July. b. Determine the break-even point in sales dollars. Note: Do not round intermediate calculations Note: Round up to the nearest dollar, enter $80 for $79.2 $ x c. Suppose the cost of labor is expected to increase next year. How will this affect the break-even point? Break-even point will d. Determine July's margin of safety in sales dollars. $ e. What dollar sales volume is currently required to obtain a before-tax profit of $120,000 ? Note: Do not round intermediate calculations Note: Round up to the nearest dollar, enter $80 for $79.2 $ REQUIRED a. Prepare a contribution income statement for July. b. Determine the break-even point in sales dollars. Note: Do not round intermediate calculations Note: Round up to the nearest dollar, enter $80 for $79.2 $ x c. Suppose the cost of labor is expected to increase next year. How will this affect the break-even point? Break-even point will d. Determine July's margin of safety in sales dollars. $ e. What dollar sales volume is currently required to obtain a before-tax profit of $120,000 ? Note: Do not round intermediate calculations Note: Round up to the nearest dollar, enter $80 for $79.2 $

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