Ch. 6 Break-Even Please solve and explain the following problem "Larson's sells it's products for $12 per unit. The contribution margin per unit is $8.00 and fixed costs are $75,000. How many units does Larson's have to sell to break-even?"

Ch. 6 Break-Even Please solve and explain the following problem "Larson's sells it's products for $12 per unit. The contribution margin per unit is $8.00 and fixed costs are $75,000. How many units does Larson's have to sell to break-even?"

Name: Ch. 6 Break-EvenPlease solve and explain the following problem"Larson'
Uploaded: 2022-05-24T13:26:03.000Z
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Description: Ch. 6 Break-EvenPlease solve and explain the following problem"Larson's sells it's products for $12 per unit. The contribution margin per unit is $8.00 and fixed costs are $75,000. How many units does Larson's have to sell to break-even?"

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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4 Homework Saved Hel Munoz Company makes a product that sells for $31 per unit. The company pays $20 per unit for the variable costs of the product and incurs annual fixed costs of $107,800. Munoz expects to sell 21,700 units of product. Required Determine Munoz's margin of safety expressed as a percentage. (Round your percentage answers to 2 decimal places (i.e., 0.2345 should be entered as 23.45).) Margin of safety % ...
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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…
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