Recent Posts • Latest Topics • Unanswered Questions

Gilley Inc., sells a single product. The company's most recent income statement is given ...

dxpayne

wrote...

Go to Answer

Posts: 930

Rep:

7 years ago

Gilley Inc., sells a single product. The company's most recent income statement is given ...

Gilley Inc., sells a single product. The company's most recent income statement is given below.

   Sales (4,000 units)   $120,000
   Less variable expenses   (68,000)
   Contribution margin   52,000
   Less fixed expenses   (40,000)
   Net income    $12,000

Required:
a.   Contribution margin per unit is   $ ________
b.   If sales are doubled to $240,000,
total variable costs will equal   $ ________
c.   If sales are doubled to $240,000,
total fixed costs will equal   $ ________
d.   If 10 more units are sold, profits will increase by   $ ________
e.   Compute how many units must be sold to break-even.    # ________
f.   Compute how many units must be sold
to achieve profits of $20,000.   # ________

Textbook

Cost Accounting: A Managerial Emphasis, Canadian Edition

Edition: 7^th

Authors: Horngren, Datar, Rajan, Beaubien

Read 94 times

1 Reply

Report

Replies

Answer verified by a subject expert

Allopa

wrote...

Related Topics

dxpayne Author

wrote...

7 years ago

Thank you, thank you, thank you!

Fleury

wrote...

Yesterday

This site is awesome

megan.xo

wrote...

2 hours ago

Smart ... Thanks!

New Topic

Quick Reply

Explore

Post your homework questions and get free online help from our incredible volunteers

233 People Browsing

Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook

Related Images

1796

1224

637

Your Opinion

Previous poll results: What percentage of nature vs. nurture dictates human intelligence?

Bonobos, Chimpanzees, and the 98% DNA Link

The Toxic Skin and Fungi Defense

Courses by Biology Forums

It's sore throat season, why does my mucus have red spots?

Strange Ingredients Lurking in Doritos Chips

Ready to ask a question on Biology Forums? Try it out

Join Our Community

Biology Forums - Study Force is a free online homework help service catered towards college and high school students. Get homework help and answers to your toughest questions in biology, chemistry, physics, mathematics, engineering, accounting, business, humanities, and more. Master your assignments quickly with thousands of step-by-step solutions to countless textbook questions asked and answered by our members. If we don't have your question, don't worry. You can ask any homework question and get expert homework help in as little as two hours.

Our extensive online study community is made up of college and high school students, teachers, professors, parents and subject enthusiasts who contribute to our vast collection of study resources: textbook solutions, study guides, practice tests, practice problems, lecture notes, equation sheets and more. With our help, your homework will never be the same!

Join for free today

How is Biology Forums - Study Force different than tutoring?

Home Search Q & A Board Gallery Resource Library Blog Dictionary Chat	Quick Links Start a Topic Latest Topics Unanswered Questions Courses Study Tools Browse by Textbook	Social Facebook YouTube Community Stats Who's Online Trending Staff	Help About Us Take the Tour Study Tips Posting Guidelines Terms and Policies Contact Us
Biology Forums - Study Force © 2010-2025 \| Powered by SMF \| SMF © 2015, Simple Machines \| Sitemap Biology-Forums.com is not affiliated with any publisher. Book covers, title and author names appear for reference only.