Data Section: Production costs: Direct materials Direct labor Factory overhead Selling expenses: Sales salaries & commissions Advertising Miscellaneous selling expense General expenses: Office salaries Supplies Miscellaneous general expense Total Additional information: Selling price per unit Expected unit sales Target profit Answer Section: Contribution margin per unit Contribution margin (Total) Contribution margin ratio Break-even point in units Break-even point in sales dollars Target profit (Unit sales needed) Target profit (Dollar sales needed) Total revenue at expected unit sales Net income at expected unit sales Margin of safety as a percentage of sales Fixed $225,000 97,000 47,500 16,200 92,000 12,300 15,000 FORMULA1 $16.00 120,000 $20,000 Variable $2.30 4.70 3.00 0.75 0.25 FORMULA2 FORMULA3 FORMULA4 FORMULA5 FORMULA6 FORMULA7 FORMULAS FORMULA9 FORMULA10 FORMULA11 FORMULA12

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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this is an excel style practice

Data Section:
Production costs:
Direct materials
Direct labor
Factory overhead
Selling expenses:
Sales salaries & commissions
Advertising
Miscellaneous selling expense
General expenses:
Office salaries
Supplies
Miscellaneous general expense
Total
Additional information:
Selling price per unit
Expected unit sales
Target profit
Answer Section:
Contribution margin per unit
Contribution margin (Total)
Contribution margin ratio
Break-even point in units
Break-even point in sales dollars
Target profit (Unit sales needed)
Target profit (Dollar sales needed)
Total revenue at expected unit sales
Net income at expected unit sales
Margin of safety as a percentage of sales
Fixed
$225,000
97,000
47,500
16,200
92,000
12,300
15,000
FORMULA1
$16.00
120,000
$20,000
Variable
$2.30
4.70
3.00
0.75
0.25
FORMULA2
FORMULA3
FORMULA4
FORMULA5
FORMULA6
FORMULA7
FORMULA8
FORMULA9
FORMULA10
FORMULA11
FORMULA12
Transcribed Image Text:Data Section: Production costs: Direct materials Direct labor Factory overhead Selling expenses: Sales salaries & commissions Advertising Miscellaneous selling expense General expenses: Office salaries Supplies Miscellaneous general expense Total Additional information: Selling price per unit Expected unit sales Target profit Answer Section: Contribution margin per unit Contribution margin (Total) Contribution margin ratio Break-even point in units Break-even point in sales dollars Target profit (Unit sales needed) Target profit (Dollar sales needed) Total revenue at expected unit sales Net income at expected unit sales Margin of safety as a percentage of sales Fixed $225,000 97,000 47,500 16,200 92,000 12,300 15,000 FORMULA1 $16.00 120,000 $20,000 Variable $2.30 4.70 3.00 0.75 0.25 FORMULA2 FORMULA3 FORMULA4 FORMULA5 FORMULA6 FORMULA7 FORMULA8 FORMULA9 FORMULA10 FORMULA11 FORMULA12
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