In FY 2016 Bravo Company sold 10,000 units, incurred total variable costs of $240,000, had a...

 

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In FY 2016 Bravo Company sold 10,000 units, incurred total variable costs of $240,000, had a per unit contribution margin of $5, and reported a net loss of $19,000. Bravo Company expects that in FY 2017 there will be total fixed costs of $75,000 and that all other sales & cost values will remain constant. Use this information to determine: 1. FY 2016 Unit Selling Price 2. FY 2016 Total Sales 3. FY 2016 Fixed Costs 4. FY 2017 Break Even in Units 5. FY 2017 Dollar Sales at breakeven point In FY 2016 Bravo Company sold 10,000 units, incurred total variable costs of $240,000, had a per unit contribution margin of $5, and reported a net loss of $19,000. Bravo Company expects that in FY 2017 there will be total fixed costs of $75,000 and that all other sales & cost values will remain constant. Use this information to determine: 1. FY 2016 Unit Selling Price 2. FY 2016 Total Sales 3. FY 2016 Fixed Costs 4. FY 2017 Break Even in Units 5. FY 2017 Dollar Sales at breakeven point

Answer rating: 100% (QA)

PREPARE INCOME STATEMENT FOR YEAR 2016 SALES 24000050000 290000 VARIABLE COST 2400... View the full answer