Question: I just need number 3 please Instructions ) Prepare a CVP income statement for 2017 based on management's estimates. (Show column for total amounts only.)

I just need number 3 please  I just need number 3 please Instructions ) Prepare a CVP

Instructions ) Prepare a CVP income statement for 2017 based on management's estimates. (Show column for total amounts only.) (b) Compute the break-even point in (1) units and (2) dollars. (c) Compute the contribution margin ratio and the margin of safety ratio. (d) Determine the sales dollars required to earn net income of $624,000. (b) (1) 3,000,000 units (c) CM ratio 52% P22-3B Olgivie Company had a bad year in 2016. For the first time in its history, it oper- Compute break-even point ated at a loss. The company's income statement showed the following results from selling under alternative courses of 60,000 units of product: sales $1,800,000; total costs and expenses $2,010,000; and net loss action. 210,000. Costs and expenses consisted of the amounts shown below. (LO 3, 4) Total Variable Fixed Cost of goods sold Selling expenses Administrative expenses $1,350,000 930,000 $420,000 125,000 355,000 65,000 $2,010,000 $1,170,000 $840,000 480,000 180,000 115,000 Management is considering the following independent alternatives for 2017. I. Increase unit selling price 25% with no change in costs, expenses, and sales volume. 2. Change the compensation of salespersons from fixed annual salaries totaling $200,000 to total salaries of $20,000 plus a 5% commission on net sales. 3. Purchase new high-tech factory machinery that will change the proportion betweern variable and fixed cost of goods sold to 50:50. Instructions (a) Compute the break-even point in dollars for 2016. (b) Compute the break-even point in dollars under each of the alternative courses of action. (b) Alternative 1,$1,750,000 (Round all ratios to nearest full percent.) Which course of action do you recommend? P22-4B Alma Ortiz is the advertising manager for CostLess Shoe Store. She is currently Compute break-even point working on a major promotional campaign. Her ideas include the installation of a new and margin of safety ratio lighting system and increased display space that will add $18,000 in fixed costs to the and prepare a CvP income $216,000 currently spent. In addition, Alma is proposing that a i0% price decrease (from nd statement before a after changes in business $30 to $27) will produce an increase in sales volume from 20,000 to 24,000 units. Variableg

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