C Companys contribution margin income statement shows revenues of $600,000 and variable costs of $240,000...

80.2K

Verified Solution

Question

Accounting

C Companys contribution margin income statement shows revenues of $600,000 and variable costs of $240,000 and the net income of $60,000.

1. What is C Companys breakeven point in sales dollars?

2. What will C Companys net income be if its revenues next year are $800,000?

3. Assume that when C Company earned net income of $60,000, it was producing and selling 10,00 units of its only product. What will the cost of one unit of its product be if it sells 6,000 units next year?

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