HELP ASAP PLEASE! Accounting class! Lorge Corporation has collected the following information after its first year of sales. Sal
es were $1,575,000 on 105,000 units; selling expenses $250,000 (40% variable and 60% fixed); direct materials $606,100; direct labor $250,000; administrative expenses $270,000 (20% variable and 80% fixed); and manufacturing overhead $357,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
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Answer
Solution
Simplify both sides of the equation.
We are left with d = 4+
Add
Hence, d =
