. Complete a CVP Income Statement using the following data: Sales: $335,000; Tot
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Question
. Complete a CVP Income Statement using the following data: Sales: $335,000; Total VC: S215,000; Total FC S105,000 Sales: $450,000; Total VC: S295,000; Total FC S195,000 SP: 85.25; VCunit: $43.80; Total FC:S110,000 2. Complete a CVP Income Statement using the following data: 3. a. The following data pertains to Product A: b. The following data pertains to Product B: SP: $125; VC/unit: $82; Total FC S89000 What is the CM/ Unit for Product A? Product B? 4. In the problem above, what is the BE in Sales units for Product A? Product B? 5. Jordan Company sells a product, Product 125, which has the following data: SP: $22.50; VCunit: $10; Total FC: S85,000 a. b. c. What is the CM/unit? What is the BE in units? What is the BE in dollars?Explanation / Answer
1 CVP income statement sales 335000 less Variable cost 215000 Contribution margin 120000 less Fixed cost 105000 Net income 15000 2 CVP income statement sales 450000 less Variable cost 295000 Contribution margin 155000 less Fixed cost 195000 Net income -40000 3 Per unit sales 85.25 less Variable cost 43.8 Contribution margin 41.45 Per unit sales 125 less Variable cost 82 Contribution margin 43 4 Breakeven in units = Fixed cost / contribution margin per unit Product A Product B Fixed cost 110000 89000 Contribution margin 41.45 43 Breakeven in units 2654 2070 Units Per unit 5 sales 22.5 less Variable cost 10 Contribution margin 12.5 Contribution margin ratio 55.56% (12.5/22.5) Breakeven in units = Fixed cost / contribution margin per unit Fixed cost 85000 Contribution margin 12.5 Breakeven in units 6800 Units Breakeven in dollars = fixed cost / contribution margin ratio Fixed cost 85000 Contribution margin ratio 55.56% Breakeven in dollars 153000
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