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Home Q & A Board Other Fields Homework Help Business Economics
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dxpayne dxpayne
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6 years ago
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

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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AllopaAllopa
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dxpayne Author
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6 years ago
Brilliant ツ
Marcie D
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Yesterday
Thanks
54321abs
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2 hours ago
Thanks for your help!!
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