3. Elmwood Pinecone sells fake Christmas trees with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500. The following names are to be considered when completing this problem: Operating Income Variable Costs Sales Fixed Costs per Unit Selling Price per Unit Variable Cost per Unit Contribution Margin Fixed Costs Operating Loss What is the Elmwood’s break-even point in units? . Use commas as needed (i.e. 1,234). What is the Elmwood’s break-even point in dollars? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Using the names listed above, construct a contribution margin income statement for the month of November when they will sell 900 units. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Elmwood Pinecone Contribution Margin Income Statement For the Month of November ? ? ? ? ? ? ? ? ? ? How many trees will Elmwood need to sell in order to realize a target profit of $45,000? . Use commas as needed (i.e. 1,234). What dollar sales will Elmwood need to generate in order to realize a target profit of $45,000? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Construct a contribution margin income statement for the month of December that reflects $150,000 in sales revenue for Elmwood. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345). Elmwood Pinecone Contribution Margin Income Statement For the Month of December ? ? ? ? ? ? ? ? ? ?

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

3. Elmwood Pinecone sells fake Christmas trees with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500.

The following names are to be considered when completing this problem:

Operating Income	Variable Costs	Sales
Fixed Costs per Unit	Selling Price per Unit	Variable Cost per Unit
Contribution Margin	Fixed Costs	Operating Loss

What is the Elmwood’s break-even point in units? . Use commas as needed (i.e. 1,234).
What is the Elmwood’s break-even point in dollars? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).

Using the names listed above, construct a contribution margin income statement for the month of November when they will sell 900 units. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).

Elmwood Pinecone

Contribution Margin Income Statement

For the Month of November

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How many trees will Elmwood need to sell in order to realize a target profit of $45,000? . Use commas as needed (i.e. 1,234).
What dollar sales will Elmwood need to generate in order to realize a target profit of $45,000? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).

Construct a contribution margin income statement for the month of December that reflects $150,000 in sales revenue for Elmwood. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).

Elmwood Pinecone

Contribution Margin Income Statement

For the Month of December