Corporation has sold 1,000 units of product in a month and provided the following contribution format income statement. Assume that the following information is within the relevant range. Total sales revenue 50,000 Total variable expenses 32,000 Contribution margin 18,000
Corporation has sold 1,000 units of product in a month and provided the following contribution format income statement. Assume that the following information is within the relevant range. Total sales revenue 50,000 Total variable expenses 32,000 Contribution margin 18,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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ABC Corporation has sold 1,000 units of product in a month and provided the following contribution format income statement. Assume that the following information is within the relevant range.
Total sales revenue 50,000
Total variable expenses 32,000
Contribution margin 18,000
Fixed expenses $ 12,000
Net operating income 6,000
The break-even point in unit sales is closest to:
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