C Company sells home testing kits for Covid19: Antigen Rapid Test (ART), RT-PCR, Auto-Immune Response (AIR). For
Question:
C Company sells home testing kits for Covid19: Antigen Rapid Test (ART), RT-PCR, Auto-Immune Response (AIR). For its first year of operations 2020 show the following income statement summarized performance.Required:
15. Management has asked you to compute its break-even point. *two decimal places.
16. At the break-even point, how many units of Antigen must be sold? Round off to the nearest unit.
17. At the break-even point, how many units of RTPCR must be sold? Round off to the nearest unit.
18. At the break-even point, how many units of AIR must be sold? Round off to the nearest unit.
19. For the year 2021, actual total sales of the products are as follows: Antigen $500,000; RT PCR $312,500; and AIR $360,000. How much is the Net Operating Income (Loss) for 2021 assuming no change in the company’s cost and pricing?
20. What is the new weighted contribution margin ratio for 2021? *two decimal places
Accounting Texts and Cases
ISBN: 978-1259097126
13th edition
Authors: Robert Anthony, David Hawkins, Kenneth Merchant