Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The company's annual fixed costs are $529,200. (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point. (2) Assume the company's fixed costs increase by $132,000. What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Percentage of sales Amount 0% $
Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The company's annual fixed costs are $529,200. (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point. (2) Assume the company's fixed costs increase by $132,000. What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point. BLANCHARD COMPANY Contribution Margin Income Statement (at Break-Even) Percentage of sales Amount 0% $
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5EA: Maple Enterprises sells a single product with a selling price of $75 and variable costs per unit of...
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![Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The
company's annual fixed costs are $529,20.
(1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-
even point.
(2) Assume the company's fixed costs increase by $132,000. What amount of sales (in dollars) is needed to break even?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the
break-even point.
BLANCHARD COMPANY
Contribution Margin Income Statement (at Break-Even)
Percentage
of sales
Amount
0%
$](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F69433b11-375c-4618-a4b9-52c9314ad31f%2F8457acd1-1471-4ce4-b783-0c59d1001e12%2Fclnu3k_processed.png&w=3840&q=75)
Transcribed Image Text:Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $84 per unit. The
company's annual fixed costs are $529,20.
(1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-
even point.
(2) Assume the company's fixed costs increase by $132,000. What amount of sales (in dollars) is needed to break even?
Complete this question by entering your answers in the tabs below.
Required 1
Required 2
Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the
break-even point.
BLANCHARD COMPANY
Contribution Margin Income Statement (at Break-Even)
Percentage
of sales
Amount
0%
$
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