The following financial information is presented for three different companies. Determine the missing amounts.
1 answer:
Answer:
Note: <em>The organized question is attached</em>
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d. Net income = Income from operating - Other expenses and losses
Net income = $15,000 - $4,000
Net income = $11.000
f. Gross profit - Sales - Cost of goods sold
$38,000 = $95,000 - Cost of goods sold
Cost of goods sold = $95,000 - $38,000
Cost of goods sold = $57,000
h. Income from operations = Net income - Other expenses and losses
Income from operations = $11,000 + $7,000
Income from operations = $18,000
g. Income from operations = Gross profit - Operating expenses
$18,000 = $38,000 - Operating expenses
Operating expenses = $38,000 - $18,000
Operating expenses = $20,000
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Answer:
1. Break even points in units will be = 2,700 units
2. Break-even point in dollar sales = $56,700
3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units
Explanation:
Break even point =
Fixed Cost = $8,100
Contribution per unit = Sale Price - Variable Cost = $21 - $18 = $3
1. Break even points in units will be
=
2. Break-even point in dollar sales
= Break even point in units X Sale price per unit
= 2,700 units X $21 = $56,700
3. In case fixed expense increase by $600 then Break even point in unit sales
= = 2,900 units
Final Answer
1. Break even points in units will be = 2,700 units
2. Break-even point in dollar sales = $56,700
3. In case fixed expense increase by $600 then Break even point in unit sales = 2,900 units