Break-Even Sales and Cost-Volume-Profit Chart For the coming year, Sorkin Company anticipates a unit selling...
60.1K
Verified Solution
Link Copied!
Question
Accounting
Break-Even Sales and Cost-Volume-Profit Chart
For the coming year, Sorkin Company anticipates a unit selling price of $134, a unit variable cost of $67, and fixed costs of $623,100.
Required:
1. Compute the anticipated break-even sales in units. units
2. Compute the sales (units) required to realize income from operations of $294,800. units
3. Construct a cost-volume-profit chart, assuming maximum sales of 18,600 units within the relevant range. From your chart, indicate whether each of the following sales levels would produce a profit, a loss, or break-even.
| $1,742,000 | Profit |
| $1,554,400 | Profit |
| $1,246,200 | Break-even |
| $938,000 | Loss |
| $750,400 | Loss |
4. Determine the probable income (loss) from operations if sales total 14,900 units. If required, use the minus sign to indicate a loss. $ Income
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.