Question: Need help with requirement one in determining the coffee shop's monthly breakeven point... i Data Table - X 82,000 Awesome Coffee Contribution Margin Income Statement

Need help with requirement one in determining the coffee shop's monthly breakeven point...  Need help with requirement one in determining the coffee shop's monthly
breakeven point... i Data Table - X 82,000 Awesome Coffee Contribution Margin

i Data Table - X 82,000 Awesome Coffee Contribution Margin Income Statement Month Ended December 31 Sales revenue Less variable expenses: Cost of goods sold 22,000 Marketing expense 14,000 General and administrative expense 5,000 Contribution margin Less fixed expenses: Marketing expense $ 16,800 41,000 $ 41,000 General and administrative expense 4.200 21,000 20,000 $ Operating income Print Done The contribution margin income statement of Awesome Coffee for December follows m ick the icon to view the contribution margin income statement) Awesome Cotteesells the small cotes for every large cotte. A small coffee sells for $2.00, with a variable expense of $100. A large coffee sets for 56 00, with a variable expense of $300 Read the requirements Requirement 1. Determine the coffee shop's monthly breakeven point in the numbers of small coffees and large coffees. Prove your answer by preparing a summary Con tion margincome statement at the breakeven level of sales. Show only two categories of expenses variable and fuced Begin by dentifying the formula to compute the total breakeven point in units. (Abbreviations used avg Average CM Contribution margin) = Breakeven sales in units

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!