Candlemania, Inc. Financial Projections - 2021 Section A: %3D Inputs: Section B: Section C: 2020 Actual $ $ $ 2$ 2021 What-If? 0% Change Factors Sales in units 30,000 Sales price per unit Direct materials cost per unit Direct labor cost per unit Variable overhead cost per unit $ 120.00 0% 18.00 0% 0% 0% 0% 16.00 ? 22.00 ? $ $ 2020 Actual Fixed costs 500,000 ? Target Income Income Projections: 700,000 0% ? 2021 What-If? Sales ? Less variable expenses:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Candlemania, Inc.
Financial Projections - 2021
Inputs:
Section A:
Section B:
Section C:
2020 Actual
30,000
Change Factors 2021 What-If?
0%
0%
0%
0%
0%
0%
0%
2021 What-If?
Sales in units
?
Sales price per unit
Direct materials cost per unit
Direct labor cost per unit
Variable overhead cost per unit | $
120.00
?
18.00
?
16.00
?
22.00
?
Fixed costs
2$
500,000
?
Target Income
Income Projections:
$4
700,000
2020 Actual
Sales
?
?
Less variable expenses:
Direct materials
?
?
Direct labor
?
Variable overhead
?
?
Total variable expenses
?
?
Contribution margin
Less fixed expenses
?
?
?
?
Income before taxes
Contribution margin per unit
Contribution margin ratio
?
?
?
?
Break-even sales in units
?
?
Break-even sales in $$
?
?
Margin of safety in units
Margin of safety in sales $$
Sales in units to yield target income
?
?
?
?
?
Transcribed Image Text:Candlemania, Inc. Financial Projections - 2021 Inputs: Section A: Section B: Section C: 2020 Actual 30,000 Change Factors 2021 What-If? 0% 0% 0% 0% 0% 0% 0% 2021 What-If? Sales in units ? Sales price per unit Direct materials cost per unit Direct labor cost per unit Variable overhead cost per unit | $ 120.00 ? 18.00 ? 16.00 ? 22.00 ? Fixed costs 2$ 500,000 ? Target Income Income Projections: $4 700,000 2020 Actual Sales ? ? Less variable expenses: Direct materials ? ? Direct labor ? Variable overhead ? ? Total variable expenses ? ? Contribution margin Less fixed expenses ? ? ? ? Income before taxes Contribution margin per unit Contribution margin ratio ? ? ? ? Break-even sales in units ? ? Break-even sales in $$ ? ? Margin of safety in units Margin of safety in sales $$ Sales in units to yield target income ? ? ? ? ?
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