a) Xavier's Yellow Zippers Corporation (XYZ Corp) sold 2,200 zippers in 2020 for $6 apiece....
70.2K
Verified Solution
Link Copied!
Question
Accounting
a) Xavier's Yellow Zippers Corporation (XYZ Corp) sold 2,200 zippers in 2020 for $6 apiece. Xavier buys the zippers for $2 each and it costs $1 to paint each zipper yellow and add a snazzy logo. Xavier paid $200 a month to rent a sales booth at his local outdoor market, along with a sales commission of $1 per zipper sold (his sister made all the sales on commission). Complete XYZ Corp's contribution income statement. b) Xavier is wondering what his break-even point is. Calculate both the break-even revenue and sales volume. c) Next year, Xavier is planning to sell 3,000 zippers. What will be his margin of safety? d) Make a Cost-Volume-Profit graph for XYZ Corp. Label the axes, lines, loss and profit areas, and break-even point clearly on your graph.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.