Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. can you please show work thank you! 18. royale,

can you please show work thank you! 18. Royale, Inc. needs a...

60.1K

Verified Solution

Question

Accounting

can you please show work thank you! image
18. Royale, Inc. needs a forecast (budget) Income Statement and Cost-Volume-Profit information for May 2021. All of Royale's costs are mixed costs. The company sells one product at a single price per unit Instructions: a) Make up your own May 2021 Budget data in the following format: Sales Revenue Budget: Sales Units Sales Price per Unit Total Sales Revenue S?? $?? X Mised Cost Datants and count must be different en cach line to rele credin: Units Preded Tocal Cent 9713 327971 b) Calculate your Variable Cost per unit and Total Fixed Cost using the High-low Method. c) Calculate your budget Net Income or Loss for May 2021 for the number of units on your Sales Revenue Budget. d) Calculate your total Contribution Margin (CM) and CM per unit. e) Calculate your Break-Even Sales units and Break-Even Sales Revenue (round to nearest unit and I of Sales Revenue). 1) Calculate the Margin of Safety percentage (ratio) at your budget Sales Revenue (round to nearest 00.0%)

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