Mirabel Manufacturing Budgeted Income Statement For the Year Ending December 31
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Question:
Mirabel Manufacturing | |||
Budgeted Income Statement | |||
For the Year Ending December 31 | |||
Sales | $ 36,750,000 | ||
Cost of goods sold: | |||
Variable | $ 13,300,000 | ||
Fixed | $ 9,300,000 | ||
Gross Margin | $ 14,150,000 | ||
Selling & Administrative | |||
Commissions | $ 4,410,000 | ||
Fixed Marketing Expenses | $ 1,350,000 | ||
Fixed Administrative | $ 6,000,000 | ||
Net Operating Income | $ 2,390,000 |
Model 101 | Model 201 | Model 301 | |
Normal Annual Sales Volume | 16,000 | 19,000 | 11,000 |
Unit Selling Price | $ 650 | $ 750 | $ 1,100 |
Variable expense per unit | $ 250 | $ 200 | $ 500 |
(Note: Each of the following questions is independent of the others)
- What is Mirabel's over-all break-even point in sales dollars?
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