Question: Calculate the answer for this question - Below is the Income Statement for Kane Company for the year ended December 31, 2021. It produces and

Calculate the answer for this question

- Below is the Income Statement for Kane Company for the year ended December 31, 2021. It produces and sells one product - Kane Syrup Required: a. What is Kane Syrup's selling price per unit? What is Kane Syrup's variable cost per unit? b. What is Kane Company's break-even point in units? c. At break-even, what is the profit of Kane Company? d. What is the contribution margin ratio of Kane Company? What is the interpretation of the contribution margin ratio? e. How many units must Kane sell to earn a profit of $140,000 after income tax, assuming a 21% tax rate? a. What is Kane Syrup's selling price per unit? What is Kane Syrup's variable cost per unit? b. What is Kane Company's break-even point in units? c. At break-even, what is the profit of Kane Company? d. What is the contribution margin ratio of Kane Company? What is the interpretation of the contribution margin ratio? e. How many units must Kane sell to earn a profit of $140,000 after income tax, assuming a 21% tax rate? f. In 2021, the company sells 30,000 units. What is the firm's operating leverage? g. Kane Company's competitor, Able Company, has an operating leverage of 4. Which company has more fixed costs in its cost structure? Which company is riskier

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