EVS Inc manufactures electric scooters. Each scooter is sold for $3,500. Sales revenue for the current...
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EVS Inc manufactures electric scooters. Each scooter is sold for $3,500. Sales revenue for the current fiscal year (just ended) was $490,000. Variable costs totalled $252,000. Fixed costs for the company are $200,000 annually. (Round any answers to the nearest dollar or unit). A. Calculate the break-even in sales dollars for EVS Inc. (12 pts) B. Determine the margin of safety in units for EVS in the current year. (10 pts) C. If EVS Inc's goal next year is an operating profit of $125,000, how many scooters must the company manufacture and sell? (10 pts) EVS Inc manufactures electric scooters. Each scooter is sold for $3,500. Sales revenue for the current fiscal year (just ended) was $490,000. Variable costs totalled $252,000. Fixed costs for the company are $200,000 annually. (Round any answers to the nearest dollar or unit). A. Calculate the break-even in sales dollars for EVS Inc. (12 pts) B. Determine the margin of safety in units for EVS in the current year. (10 pts) C. If EVS Inc's goal next year is an operating profit of $125,000, how many scooters must the company manufacture and sell? (10 pts)
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Answer rating: 100% (QA)
a Breakeven in sales dollars Breakeven Sales Fixed Costs Contribution Margin Fixed Costs 200000 Cont... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
Posted Date:
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