Question: I got answer 45 and 46 wrong need help with formulas my instructor told me the answer to 45 is A. Lost on 46. Help

I got answer 45 and 46 wrong need help with formulas my instructor told me the answer to 45 is A. Lost on 46. Help me please  I got answer 45 and 46 wrong need help with formulas

45, Wimpy Inc. produces. s a single product. The selling price of the product is s150.00 per unit and its variable cost is and even in per unit. The fixed expense is $366,915 per month. 601,500 monthly dollar sales is closest to: C. $636,408 So oo D. $940,808 50 8775 46. Spencer Company's most recent monthly contribution format income statement is given below: Sales $60,000 Variable expenses Contribution margin 15,000 Fixed expenses 18.000 Net operating loss CS3,000) The company sells its only product for $10 per unit. There were no beginning or ending inventories. Required a. What are total sales in dollars at the break-even point? 7a aoo b. What are total variable expenses at the break-even point?4So,00O c. What is the company's contribution margin ratio l ,SOOO d. If unit sales were increased by 10% and fixed expenses were reduced by $2,000, what would be the company's expected net operating income? (Prepare a new income statement.) OO O Sales boioao 208

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!