FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Total Sales: $550,000
Costs/Expenses:
Production Labor: 202,000
Rent: 25,000
Electricity--production: 35,000
Electricity--office: 10,000
Starting Materials: 10,000
Materials Purchased: 165,000
Ending Materials: 31,000
Factory Supervision: 40,000
Office Labor: 25,000
Costs/Expenses:
Production Labor: 202,000
Rent: 25,000
Electricity--production: 35,000
Electricity--office: 10,000
Starting Materials: 10,000
Materials Purchased: 165,000
Ending Materials: 31,000
Factory Supervision: 40,000
Office Labor: 25,000
Find: Operating Income and break even sales. Please show your work/formulas
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