A B D E Data Section: Fixed Variable Production costs: Direct materials $2.30 Direct labor 4.70 $225,000 Factory overhead Selling expenses: 3.00 Sales salaries & commissions 97,000 0.75 Advertising 47,500 Miscellaneous selling expense General expenses: 16,200 Office salaries 92,000 Supplies Miscellaneous general expense 12,300 0.25 15,000 Total $505,000.00 $11.00 Additional information: $16.00 Selling price per unit Expected unit sales Target profit 120,000 $20,000 Answer Section: $5.00 $600,000.00 Contribution margin per unit Contribution margin (Total) Contribution margin ratio Break-even point in units Break-even point in sales dollars Target profit (Unit sales needed) Target profit (Dollar sales needed) 31.25% 101,000 $1,616,000.00 105,000 $1,680,000.00 Total revenue at expected unit sales FORMULA10 Net income at expected unit sales FORMULA11 Margin of safety as a percentage of sales FORMULA12 Sheet1
A B D E Data Section: Fixed Variable Production costs: Direct materials $2.30 Direct labor 4.70 $225,000 Factory overhead Selling expenses: 3.00 Sales salaries & commissions 97,000 0.75 Advertising 47,500 Miscellaneous selling expense General expenses: 16,200 Office salaries 92,000 Supplies Miscellaneous general expense 12,300 0.25 15,000 Total $505,000.00 $11.00 Additional information: $16.00 Selling price per unit Expected unit sales Target profit 120,000 $20,000 Answer Section: $5.00 $600,000.00 Contribution margin per unit Contribution margin (Total) Contribution margin ratio Break-even point in units Break-even point in sales dollars Target profit (Unit sales needed) Target profit (Dollar sales needed) 31.25% 101,000 $1,616,000.00 105,000 $1,680,000.00 Total revenue at expected unit sales FORMULA10 Net income at expected unit sales FORMULA11 Margin of safety as a percentage of sales FORMULA12 Sheet1
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Accounting excel practice problem - I already solved the first few sub parts to this question - I just need the last sub part answered. I attached a picture of the instructions and a picture of the excel spreadsheet to answer the remaining "formulas".
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