Question: JAX Co. makes sweaters for cats. The controller is working on a projection for the fiscal year 1/01/22 - 12/31/22. Projected amounts for FYE 12/31/22


JAX Co. makes sweaters for cats. The controller is working on a projection for the fiscal year 1/01/22 - 12/31/22. Projected amounts for FYE 12/31/22 can be found below: Selling price per sweater $35 Expected sales (units): 22,000 sweaters Manufacturing Costs Direct Materials $3 per sweater Direct Labor $8 per sweater VMOH $6 per sweater FMOH$30,000 per year Selling \& Administrative Expense Variable $1 per sweater Fixed $180,000 per year Income tax rate: 30% There are no beginning or ending WIP or FG inventories. What is the Contribution Margin per unit (in dollars, but you don't need to enter the $, just the numbers) Question 2 1.1pts What is the Contribution Margin percentage, rounded to two decimal points (don't enter the \% sign, just use numbers, for example, a contribution margin of 70.25% would be entered as 0.7025 ) Question 3 1.1 pts How many sweaters will need to be sold in 2022 to breakeven? (or stated differently, what is the breakeven point in units?) Round your answer to the next highest whole number. How many sweaters will need to be sold in 2022 to breakeven? (or stated differently, what is the breakeven point in units?) Round your answer to the next highest whole number. Question 4 1.1 pts What amount of revenues are required to breakeven in 2022? (or stated differently, what is the breakeven point in sales dollars?) Round your answer to the next highest whole number
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