The Kuruvilla Company had the following functional income statement for the month of July, 2020: $400,000...
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The Kuruvilla Company had the following functional income statement for the month of July, 2020: $400,000 Sale ($ 20 x 20,000 units) Cost of good sold : Direct material (3 x 20,000) $60,000 Direct labor (2 x 20,000) 40,000 Variable factory overhead (6 * 20000) 120,000 Fixed factory overhead 66,000 Gross profet Selling and administrative expense Variable (1.50 20000) Fixed x $30,000 50,000 Operating income Kuruvilla's tax rate is 40% What is the contribution margin per unit? What is the contribution ratio ? 286000 $114,000 80,000 $34,000 margin What is the breakeven point in sales dollar, rounded to the nearest dollar? What is the margin of safety in sales dollars? Ⓒ What level of sales units would be required to earn profit of $69,000? & If Kuruvilla increases Sales Dollars by 26,000, what will be the change in net income? Be sure to show ALL your work with Formulas an After tax The Kuruvilla Company had the following functional income statement for the month of July, 2020: $400,000 Sale ($ 20 x 20,000 units) Cost of good sold : Direct material (3 x 20,000) $60,000 Direct labor (2 x 20,000) 40,000 Variable factory overhead (6 * 20000) 120,000 Fixed factory overhead 66,000 Gross profet Selling and administrative expense Variable (1.50 20000) Fixed x $30,000 50,000 Operating income Kuruvilla's tax rate is 40% What is the contribution margin per unit? What is the contribution ratio ? 286000 $114,000 80,000 $34,000 margin What is the breakeven point in sales dollar, rounded to the nearest dollar? What is the margin of safety in sales dollars? Ⓒ What level of sales units would be required to earn profit of $69,000? & If Kuruvilla increases Sales Dollars by 26,000, what will be the change in net income? Be sure to show ALL your work with Formulas an After tax
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Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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