Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. ace company has provided the following data: sale

Ace company has provided the following data: Sales 3,000 units Sales...

90.2K

Verified Solution

Question

Accounting

Ace company has provided the following data:
Sales 3,000 units
Sales price $70 per unit
Variable cost $50 per unit
Fixed cost $25,000
SHOW ALL COMPUTATIONS:
a) Compute the breakeven sales in units and dollars?
b) Prepare a CM format income statement at BE.
c) Compute the CM Ratio (use 4 decimal points, if necessary).
d) Use original data above. Compute the operating income or loss if the sales price and variable cost per unit are increased by 10%, total fixed cost is decreased by 20%, and sales volume is decreased by 10%. Hint: Prepare CM Income Statement.
Please note: For each income statement above, you must show number of units X $ per unit where appropriate.

Answer & Explanation Solved by verified expert
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

please graph the function f(x)=(x-2)/(x-1) by finding the domain the x and y intercepts the vertical asymptotes the horizontal asymptotes the...

Basic Math
Q

1. Use cardinality to show that between any two rational numbers there is an irrational number....

Advance Math
Q

ale before the 1960 presidential election Based on your own knowledge why did television viewers...

Biology
Q

Suppose that sina sin a Find the exact values of sin and tan 2 tan...

Basic Math
Q

Find the exact value under the given conditions sin a 17 O O 220 221...

Algebra
Q

John, a limited partner of Candy Apple, LP, is allocated $29,500 of ordinary business loss...

Accounting
Q

What is the contribution to the asset base of the following items under the Basel...

Accounting
Q

Compute division of net income with a salary allowance and fixed ratios. MPC Co. reports...

Accounting
Q

Calculate the current price of a $5,000 par value bond that has a coupon rate...

Accounting
Q

Splish Motors is a division of Splish Products Corporation. The division manufactures and sells an...

Accounting
Q

x 5) A company pursuing cost leadership may try to further...

Accounting
Q

The comparative balance sheet of Whitman Co. at December 31, 2016 and 2015, is as...

Accounting