IN THE MONTH OF SEPTEMBER, ADAM'S OIL PERFORMED 4,000 OIL CHANGES AT A PRICE OF $25....

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IN THE MONTH OF SEPTEMBER, ADAM'S OIL PERFORMED 4,000 OIL CHANGES AT A PRICE OF $25. DURING THE MONTH, FIXED COSTS WERE $20,000 AND VARIABLE COSTS WERE 60% OF SALES. A. Prepare a CVP income statement (show the percents, the per unit costs, and the totals): В. Determine the contribution margin in total dollars, per unit, and as a ratio. (Take the numbers from the income statement above, or show the formulas you can use to compute all these amounts.) CM total $ CM per unit S CM ratio С. What is net income? $ D. Compute the breakeven point in dollars and units. Е. Compute the margin of safety in dollars and as a ratio. F. How many oil changes do they have to sell to earn a net income of $30,000? G. What is the breakeven sales units if Adam's charges $16 for an oil change and variable costs are 75% of sales? IN THE MONTH OF SEPTEMBER, ADAM'S OIL PERFORMED 4,000 OIL CHANGES AT A PRICE OF $25. DURING THE MONTH, FIXED COSTS WERE $20,000 AND VARIABLE COSTS WERE 60% OF SALES. A. Prepare a CVP income statement (show the percents, the per unit costs, and the totals): В. Determine the contribution margin in total dollars, per unit, and as a ratio. (Take the numbers from the income statement above, or show the formulas you can use to compute all these amounts.) CM total $ CM per unit S CM ratio С. What is net income? $ D. Compute the breakeven point in dollars and units. Е. Compute the margin of safety in dollars and as a ratio. F. How many oil changes do they have to sell to earn a net income of $30,000? G. What is the breakeven sales units if Adam's charges $16 for an oil change and variable costs are 75% of sales?

Answer rating: 100% (QA)

ANSWERS A CVP STATEMENT VARIABLE COST 40002560 60000 FIXED CO... View the full answer