Vernon Company makes and sells products with variable costs of $24 each. Vernon incurs annual fixed...

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Vernon Company makes and sells products with variable costs of $24 each. Vernon incurs annual fixed costs of $434,160. The current sales price is $105. Note: The requirements of this question are interdependent. For example, the $324,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Required a. Determine the contribution margin per unit. b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Determine the break-even point in units and in dollars. (Do not round intermediate calculations. Round your final answers to th nearest dollar and round units up to the next whole unit.) Break-even point in units Break-even point in dollars Prepare an income statement using the contribution margin format. (D answers to nearest whole number.) VERNON COMPANY Income Statement Sales Variable cost Contribution margin Fixed cost Net income (loss) Vernon Company makes and sells products with variable costs of $24 each. Vernon incurs annual fixed costs of $434,160. The current sales price is $105. Note: The requirements of this question are interdependent. For example, the $324,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Required a. Determine the contribution margin per unit. b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Determine the break-even point in units and in dollars. (Do not round intermediate calculations. Round your final answers to th nearest dollar and round units up to the next whole unit.) Break-even point in units Break-even point in dollars Prepare an income statement using the contribution margin format. (D answers to nearest whole number.) VERNON COMPANY Income Statement Sales Variable cost Contribution margin Fixed cost Net income (loss) Vernon Company makes and sells products with variable costs of $24 each. Vernon incurs annual fixed costs of $434,160. The current sales price is $105. Note: The requirements of this question are interdependent. For example, the $324,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Required a. Determine the contribution margin per unit. b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Determine the break-even point in units and in dollars. (Do not round intermediate calculations. Round your final answers to th nearest dollar and round units up to the next whole unit.) Break-even point in units Break-even point in dollars Prepare an income statement using the contribution margin format. (D answers to nearest whole number.) VERNON COMPANY Income Statement Sales Variable cost Contribution margin Fixed cost Net income (loss) Vernon Company makes and sells products with variable costs of $24 each. Vernon incurs annual fixed costs of $434,160. The current sales price is $105. Note: The requirements of this question are interdependent. For example, the $324,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Required a. Determine the contribution margin per unit. b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Determine the break-even point in units and in dollars. (Do not round intermediate calculations. Round your final answers to th nearest dollar and round units up to the next whole unit.) Break-even point in units Break-even point in dollars Prepare an income statement using the contribution margin format. (D answers to nearest whole number.) VERNON COMPANY Income Statement Sales Variable cost Contribution margin Fixed cost Net income (loss)

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e Req E1 Sales price 80 Less variable Cost 24 Contribution margin per unit 56 Fixed ... View the full answer