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Use the following information for questions 9 through 11. Next year, Coma Paint Company expects...

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Accounting

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Use the following information for questions 9 through 11. Next year, Coma Paint Company expects to sell 18,000 gallons of paint. Coma is budgeting th following operating results for next year. Sales Variable expenses Contribution margin Fixed expenses Net income $270,000 108,000 162,000 90,000 $72,000 9. What is Coma's breakeven point next year in sales dollars? a. $49,500 b. $90,000 c. $108,000 d. $150,000 e. None of the above answers is correct. 10. How many gallons of paint would Coma have to sell next year in order to double its projected net income of $72,000? a. 22,800 gallons b. 25,200 gallons c. 26,000 gallons d. 36,000 gallons e. None of the above answers is correct. 11. Assume that Coma wants to sell 20,000 gallons next year. What is the minimum selling price would Coma have to charge for each gallon in order to still obtain its projected net income of $72,000? a. $11.00 b. $13.50 c. $14.00 d. $14.10 e. None of the above answers is correct

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