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KonstantinChe [14]
3 years ago
6

Jasper Corp. has a selling price of $44, and variable costs of $25 per unit. When 14,600 units are sold, profits equaled $133,00

0. How many units must be sold to break-even?
A. 19,000
B. 12,000
C. 14,333
D. 5,000
Business
1 answer:
AURORKA [14]3 years ago
5 0

Answer:

Break-even point in units= 7,600

Explanation:

Giving the following information:

Selling price= $44

Unitary variable cost= $25

When 14,600 units are sold, profits equaled $133,000.

<u>First, we need to calculate the total fixed costs:</u>

Fixed costs= Total contribution margin - net income

Fixed costs= 14,600*(44 - 25) - 133,000

Fixed costs= $144,400

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 144,400 / (44 - 25)

Break-even point in units= 7,600

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Answer:

The Journal entries are as follows:

(1)

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To cash                                           $3,790

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Prepaid Insurance A/c    Dr. $1,090

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Answer:

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