Maple Enterprises sells a single product with a selling price of $70 and variable costs per unit of $28. The company's monthly fixed expenses are $21,000. A. What is the company's break-even point in units? Break-even units fill in the blank d73ff0f2efebff5_1 units B. What is the company's break-even point in dollars? Break-even dollars $fill in the blank d73ff0f2efebff5_2 C. Construct a contribution margin income statement for the month of September when they will sell 800 units. Use a minus sign for a net loss if present. Income Statement Sales $fill in the blank be7e7a091fd5004_2 Variable Costs fill in the blank be7e7a091fd5004_4 Contribution Margin $fill in the blank be7e7a091fd5004_6 Fixed Costs fill in the blank be7e7a091fd5004_8 Net Income $fill in the blank be7e7a091fd5004_10 D. How many units will Maple need to sell in order to reach a target profit of $37,800? New break-even units fill in the blank 8ae6eef18071ff9_1 units E. What dollar sales will Maple need in order to reach a target profit of $37,800? New break-even dollars $fill in the blank 8ae6eef18071ff9_2 F. Construct a contribution margin income statement for Maple that reflects $147,000 in sales volume. Income Statement $fill in the blank b4170f043fc907f_2 fill in the blank b4170f043fc907f_4 $fill in the blank b4170f043fc907f_6 fill in the blank b4170f043fc907f_8 $fill in the blank b4170f043fc907f_10

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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Question

Maple Enterprises sells a single product with a selling price of $70 and variable costs per unit of $28. The company's monthly fixed expenses are $21,000.

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

Break-even units fill in the blank d73ff0f2efebff5_1 units

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

Break-even dollars $fill in the blank d73ff0f2efebff5_2

C. Construct a contribution margin income statement for the month of September when they will sell 800 units. Use a minus sign for a net loss if present.



Income Statement
Sales	$fill in the blank be7e7a091fd5004_2
Variable Costs	fill in the blank be7e7a091fd5004_4
Contribution Margin	$fill in the blank be7e7a091fd5004_6
Fixed Costs	fill in the blank be7e7a091fd5004_8
Net Income	$fill in the blank be7e7a091fd5004_10

D. How many units will Maple need to sell in order to reach a target profit of $37,800?

New break-even units fill in the blank 8ae6eef18071ff9_1 units

E. What dollar sales will Maple need in order to reach a target profit of $37,800?

New break-even dollars $fill in the blank 8ae6eef18071ff9_2

F. Construct a contribution margin income statement for Maple that reflects $147,000 in sales volume.



Income Statement
	$fill in the blank b4170f043fc907f_2
	fill in the blank b4170f043fc907f_4
	$fill in the blank b4170f043fc907f_6
	fill in the blank b4170f043fc907f_8
	$fill in the blank b4170f043fc907f_10