The following totals are used to create a CVP Income Statement for Frederick Company for...
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Accounting
The following totals are used to create a CVP Income Statement for Frederick Company for FY2018:
| Frederick Company | ||
| Selected Financial Figures | ||
| For the Year Ended 12/31/18 | ||
| Sales (100 units) |
| $10,000 |
| Variable Costs: |
|
|
| Direct Labor | $1,950 |
|
| Direct Materials | 1,450 |
|
| Factory Overhead (variable) | 2,000 |
|
| Selling Expenses (variable) | 600 |
|
| Administrative Expenses (variable) | 500 |
|
| Fixed Costs: |
|
|
| Factory Overhead (fixed) | $950 |
|
| Selling Expenses (fixed) | 1,000 |
|
| Administrative Expenses (fixed) | 1,000 |
|
Frederick Company utilizes a JIT production system and there are no Raw Materials, Work-in-Process or Finished Goods inventories. Use this information to determine the FY 2016 breakeven point in units. Round and enter as a whole number.
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