Just need the table filled in for Required 3, thanks Complete this question by entering your answers in the tabs below.Required 1 Required 2Required 3At present, the company is selling 19,000 stoves per month. The sales manager is convinced that a 10% reduction in theselling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements,one under present operating conditions, and one as operations would appear after the proposed changes.Contribution Income StatementOutback OutfittersLARequired 4Stoves - Present19000TotalPer unit0 $0< Required 20$LAStoves - ProposedTotalPer unit0 $0Required 4 >0 Outback Outfitters sells recreational equipment. One of the company's products, a small camp stove, sells for $90 perunit. Variable expenses are $63 per stove, and fixed expenses associated with the stove total $126,900 per month.Required:1. What is the break-even point in unit sales and in dollar sales?2. If the variable expenses per stove increase as a percentage of the selling price, will it result in a higher or a lowerbreak-even point? (Assume that the fixed expenses remain unchanged.)3. At present, the company is selling 19,000 stoves per month. The sales manager is convinced that a 10% reductionin the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution formatincome statements, one under present operating conditions, and one as operations would appear after theproposed changes.4. Refer to the data in Required 3. How many stoves would have to be sold at the new selling price to attain a targetprofit of $74,000 per month?

MARGINAL COSTING INCOME STATEMENT Marginal Costing Income Statement is One of the Important Cost…

Complete this question by entering your answers in the tabs below. Required 1 Required 2 At present, the company is selling 19,000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements, one under present operating conditions, and one as operations would appear after the proposed changes. Required 3 Contribution Income Statement Outback Outfitters LA Required 4 Stoves - Present 19000 Total 0 0 Per unit LA $ < Required 2 O $ LA Stoves - Proposed Total Per unit 0 $ 0 Required 4 > 0

Complete this question by entering your answers in the tabs below. Required 1 Required 2 At present, the company is selling 19,000 stoves per month. The sales manager is convinced that a 10% reduction in the selling price would result in a 25% increase in monthly sales of stoves. Prepare two contribution format income statements, one under present operating conditions, and one as operations would appear after the proposed changes. Required 3 Contribution Income Statement Outback Outfitters LA Required 4 Stoves - Present 19000 Total 0 0 Per unit LA $ < Required 2 O $ LA Stoves - Proposed Total Per unit 0 $ 0 Required 4 > 0

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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