Consider the following data for the year ended December 31, 2021 for Donalds Office Supplies. Per Unit
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Question:
Consider the following data for the year ended December 31, 2021 for Donald’s Office Supplies.
Per Unit | ||
Sales Price | $625 | |
Less: Variable Costs | $375 | |
Contribution Margin | $250 | |
Fixed Costs | $87,500 |
Currently sales are at 500 units.
ALL CALCULATIONS MUST BE SHOWN
Required:
- Prepare a Contribution Format Income Statement for the year ended December 31, 2021. Include the Total, Per Unit and Percentage totals in the income statement.
- Determine the sales in dollars and sales in units required to break even.
- Determine the sales in dollars and sales in units required to make a $200,000 profit per year.
Related Book For
Managerial Accounting
ISBN: 978-0618777181
8th Edition
Authors: Susan V. Crosson, Belverd E. Needles
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