For the coming year, Cleves Company anticipates a unit selling price of $142, a unit variable cost of $71, and fixed costs of $603,500. Required: 1.  Compute the anticipated break-even sales (units). fill in the blank 1 units 2.  Compute the sales (units) required to realize a target profit of $298,200. fill in the blank 2 units 3.  Construct a cost-volume-profit chart, assuming maximum sales of 17,000 units within the relevant range. From your chart, indicate whether each of the following sales levels would produce a profit, a loss, or break-even. $1,689,800   $1,505,200   $1,207,000   $908,800   $724,200   4.  Determine the probable income (loss) from operations if sales total 13,600 units. If required, use the minus sign to indicate a loss. $fill in the blank 8

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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For the coming year, Cleves Company anticipates a unit selling price of $142, a unit variable cost of $71, and fixed costs of $603,500.

Required:

1.  Compute the anticipated break-even sales (units).
fill in the blank 1 units

2.  Compute the sales (units) required to realize a target profit of $298,200.
fill in the blank 2 units

3.  Construct a cost-volume-profit chart, assuming maximum sales of 17,000 units within the relevant range. From your chart, indicate whether each of the following sales levels would produce a profit, a loss, or break-even.

$1,689,800
 
$1,505,200
 
$1,207,000
 
$908,800
 
$724,200
 

4.  Determine the probable income (loss) from operations if sales total 13,600 units. If required, use the minus sign to indicate a loss.
$fill in the blank 8 

 
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