Problem 2 (4 points each = 16 points) Given the following Income statement for ABC...
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Accounting
Problem 2 (4 points each = 16 points) Given the following Income statement for ABC company, answer the following questions. Show your work. Sales (10,000 units sold) Less V.C. CM Less F.C Net Income (profit) $150,000 80,000 70,000 50,000 $20,000 A. What is the Contribution Margin per unit? B. What is the Contribution Margin ratio? (take to nearest %) C. What is the Break even point in units? (take to nearest unit) D. How many units would need to be sold to make a total net income of $120,000? (take to nearest unit)
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