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Aerotek Apparel Company Aerotek Apparel Company produces clothing and accessories, with a specialty in discount...

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Question

Accounting

Aerotek Apparel Company Aerotek Apparel Company produces clothing and accessories, with a specialty in discount leather wallets and sells them to retailers who sell them directly to consumers.

PLEASE MAKE A PROPOSAL THAT WHAT FORMULAS ARE USED AND MAKE MEMORANDUM OF BELOW PART IN A DETAIL WAY.

Q1-A
Aerotek Apparel Company
CVP Income Statement
For the Year Ended December 30, 2019
Total Per unit
Sales (295,000 pieces) $ 23,60,000 $ 8.00
Variable cost $ 14,08,625 $ 4.78
Contribution Margin $ 9,51,375 $ 3.225
Fixed costs $ 9,50,000
Net income $ 1,375
Contribution Margin 3.225
Q1-B
Company Contribution Margine for the year 2019
Conribution Margine Ratio = Contribution / Sales x 100
Contribution 9,51,375 x 100
sales 23,60,000
Contribution Margin Ratio 40.31%
Q1-C
Break-even point in units
Unit per price Variable cost Fixed cost = 0
8 $ 4.775 9,50,000 = 0
8 $ 4.775 = 9,50,000
3.225 = 9,50,000
Q = 2,94,573.64
Break-even point 2,94,574

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