Jill's Gloves (JG) is a sole trader owned by Jill McAloon. The business makes and sells...

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Jill's Gloves (JG) is a sole trader owned by Jill McAloon. The business makes and sells ski gloves. JG sells each pair of gloves for $20. Jill has forecasted sales in 2022 to be 20 000 units. She has also projected the fixed costs (Table 1) and variable costs (Table 2) for that year. Table 1: Projected fixed costs for 2022 Rent $25000 Insurance $10000 Salaries $40000 Table 2: Projected variable costs per pair of gloves for 2022 Material $11 Packaging Shipping $1 $3 Jill expects a 10% increase in her fixed costs and a 5% increase in her variable costs in 2023. 2b. Construct a fully labelled break-even chart, to scale, for JG for 2022. [4 marks] Jill's Gloves (JG) is a sole trader owned by Jill McAloon. The business makes and sells ski gloves. JG sells each pair of gloves for $20. Jill has forecasted sales in 2022 to be 20 000 units. She has also projected the fixed costs (Table 1) and variable costs (Table 2) for that year. Table 1: Projected fixed costs for 2022 Rent $25000 Insurance $10000 Salaries $40000 Table 2: Projected variable costs per pair of gloves for 2022 Material $11 Packaging Shipping $1 $3 Jill expects a 10% increase in her fixed costs and a 5% increase in her variable costs in 2023. 2b. Construct a fully labelled break-even chart, to scale, for JG for 2022. [4 marks]

Answer rating: 100% (QA)

To calculate Jills projected costs and sales for 2023 we will apply the provided percentage increase... View the full answer