Maple Enterprises sells a single product with a selling price of $80 and variable costs per unit of $24. The company's monthly fixed expenses are $22,400.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Maple Enterprises sells a single product with a selling price of $80 and variable costs per unit of $24. The company's monthly fixed expenses are $22,400.

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A. What is the company's break-even point in units?

Break-even units fill in the blank 242717f2a07dfed_1 units

B. What is the company's break-even point in dollars?

Break-even dollars $fill in the blank 242717f2a07dfed_2

 

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C. Construct a contribution margin income statement for the month of September when they will sell 900 units. Use a minus sign for a net loss if present.

Income Statement
 
$
 
 
 
$
 
 
 
$
 

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D. How many units will Maple need to sell in order to reach a target profit of $56,000?

New break-even units fill in the blank 6abb5c012fa4f92_1 units

E. What dollar sales will Maple need in order to reach a target profit of $56,000?

New break-even dollars $fill in the blank 6abb5c012fa4f92_2

 

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F. Construct a contribution margin income statement for Maple that reflects $168,000 in sales volume.

Income Statement
 
$- Select -
 
- Select -
 
$- Select -
 
- Select -
 
$- Select -
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