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JHI PUBLISHING production cost info is as follows: Raw materials paper (variable) 1 reams @...

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Accounting

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JHI PUBLISHING production cost info is as follows: Raw materials paper (variable) 1 reams @ $10 each Raw material ink (variable) 2 cartridges $20 each Direct labor (variable) $20 HOUR Direct labor productivity 5 books per hour Selling expense 20% selling price Manufacturing overhead (fixed) $400,000 Administrative expenses (fixed) $300,000 Interest expense(fixed) $200,000 Unit selling price 3 times unit raw materials and direct labor cost Determine required production levels: 1. Quantity required to lose $200,000 2. Quantity required to break even 3. Quantity required to earn $2,000,000 4. Complete table below: INCOME/EXPENSES BREAK-EVEN SALE OF ONE BOOK TARGET LOSS OF $200,000 TARGET INCOME OF $2,000,000 QUANTITY SALES LESS VARIABLE COSTS: TOTAL VARIABLE COSTS CONTRIBUTION MARGIN LESS FIXED COSTS NET INCOME

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