Prepare cost statement for the following unit.

Costs for year ended December 31	Amount
Units Sold	2000
Administrative expenses	$ 28,000
Depreciation expense - factory building	$ 15,000
Depreciation expense - factory equipment	$ 10,000
Direct labor	$ 45,000
Factory utilities expense	$ 19,000
Finished goods inventory, December 31	$ 50,000
Finished goods inventory, January 01	$ 55,000
Indirect labor	$ 20,000
Maintenance and repairs expense	$ 20,000
Other expense - factory	$ 15,000
Raw Materials inventory, December 31	$ 70,000
Raw Materials inventory, January 01	$ 55,000
Raw Materials purchased during the year	$ 130,000
Sales	$ 500,000
Selling expenses	$ 18,000
Work in process inventory, December 31	$ 23,000
Work in process inventory, January 01	$ 28,000

Q2. Calculate contribution, profit, PV Ratio, BEP Sales & BEP Units for this business.

Show your calculations.

Question:
Sales	20,000 Units
Selling Price	$96/ Unit
Variable Cost	$52.8/Unit
Fixed Cost	384,000.00