Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to...
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Accounting
| Stylish Sitting is a retailer of office chairs located in San Francisco, California. Due to increased market competition, the CFO of Stylish Sitting has grown worried about the firm's upcoming income stream. The CFO asked you to use the company financial information provided below. | ||||||||||
| Sales | $77.00 | |||||||||
| Per-unit variable costs | ||||||||||
| Invoice cost | $42.70 | |||||||||
| Sales commissions | $18.40 | |||||||||
| Total per unit variable costs | $61.10 | |||||||||
| Total annual fixed costs | ||||||||||
| Advertising | $55,800 | |||||||||
| Rent | $80,000 | |||||||||
| Salaries | $228,100 | |||||||||
| Total fixed costs | $363,900 | |||||||||
| The annual breakeven point, in unit sales, is: | ||||||||||
| 20,598 | ||||||||||
| 22,887 | ||||||||||
| 27,464 | ||||||||||
| 11,443 | ||||||||||
| 18,309 | ||||||||||
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