Break-even point in unit sales: Total Fixed expenses Weighted-average CA per unit $367.50$714,600=1,944,49 units ($392.000.50)+($242.000.25)+($444.000.25)...

50.1K

Verified Solution

Question

Accounting

image
image
image
image
Break-even point in unit sales: Total Fixed expenses Weighted-average CA per unit $367.50$714,600=1,944,49 units ($392.000.50)+($242.000.25)+($444.000.25) As shown by these data, operating income is budgeted at $45.900 for the month, break-even sales dollars at $916,153.85. and breakeven unit sales at 1,944,49. Assume that actual sales for the month total $982.800 (2:100 units). with the CM hotio and per unit amounts the same as budgeted. Actual fixed expenses are the same as budgeted, $714,600. Actual sales by product are as follows: sinks, $245,700 ( 525 units): mirrors, $409,500 (1,050 units); and vanities, $327,600 (525 units). Required: 1. Prepare a contribution format income statement for the month based on actual sales data. (Round your answers to 2 decimal places.) Smithen Company, a wholesale distributor, has been operating for only a few months. The company sells three products-sinks. mirrors, and vanities. Budgeted sales by product and in total for the coming month are shown below based on planned unit sales as follows: 2. Compute the break-even point in sales dollars for the month, based on the actual data. (Round your percentoge onswers to nearest whole percent. Round other intermediate volues and final answer to the nearest whole dollor.) 3. Calculate the break-even point in unit sales for the month, based on the actual data. (Do not round your intermediate calculations, Round your final answer to the nearest whole number.)

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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students