Accounting practice exercise: President Kennedy Me-DA makes and sales journals. The journals are sold for $4.00 each.
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Question:
Accounting practice exercise:
President Kennedy Me-DA makes and sales journals. The journals are sold for $4.00 each. Fixed Operating Expenses amount to $110,000 and the variable cost per unit is $3.00.
Find:
A. The Break-Even point in units.
B. The sales volume in units and dollars that is required to a desired profit of $32,000.
C. The Margin of Safety between sales required to desired profit of $32K and break-even sales.
I need to see how that shows in an income statement (if applicable) for A, B, and C.
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