Break-even, Margin of Safety, Degree of Operating Leverage Jellico Inc.s projected operating income (based on sales of 450,000 units) for the coming year is as follows: Total Sales $11,700,000 Total variable cost Contribution margin 8,190,000 $ 3,510,000 Total fixed cost 2,254,200 Operating income $ 1,255,800 Required: 1. Compute: (a) variable cost per unit, (b) contribution margin per unit, (c) contribution margin ratio, (d) break-even point in units, and (e) break-even point in sales dollars. 2. How many units must be sold to earn operating income of $296,400? 3. Compute the additional operating income that Jellico would earn if sales were $50,000 more than expected.

Break-even, Margin of Safety, Degree of Operating Leverage Jellico Inc.s projected operating income (based on sales of 450,000 units) for the coming year is as follows: Total Sales $11,700,000 Total variable cost Contribution margin 8,190,000 $ 3,510,000 Total fixed cost 2,254,200 Operating income $ 1,255,800 Required: 1. Compute: (a) variable cost per unit, (b) contribution margin per unit, (c) contribution margin ratio, (d) break-even point in units, and (e) break-even point in sales dollars. 2. How many units must be sold to earn operating income of $296,400? 3. Compute the additional operating income that Jellico would earn if sales were $50,000 more than expected.

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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