Exercise 3-2A (Algo) Per-unit contribution margin approach LO 3-1Finch Corporation sells products for $32 each that have variable costs of $17 per unit. Finch's annual fixed cost is $345,000.RequiredUse the per-unit contribution margin approach to determine the break-even point in units and dollars.Break-even point in unitsBreak-even point in dollars

The breakeven point is the sales level at which a company's revenue exactly covers its total costs,…

Answered: Finch Corporation sells products for…

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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Steven Company has fixed costs of $230,400. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $1,376 $516 $860 Y 667 357 310 The sales mix for Products X and Y is 60% and 40%, respectively. Determine the break-even point in units of X and Y. Round answers to the nearest whole number.fill in the blank 1 units of Xfill in the blank 2 units of Y
Steven Company has fixed costs of $242,486. The unit selling price, variable cost per unit, and contribution margin per unit for the company's two products are provided below. Product Selling Price per Unit Variable Cost per Unit Contribution Margin per Unit X $1,040 $390 $650 Y 731 391 340 The sales mix for Products X and Y is 60% and 40%, respectively. Determine the break-even point in units of X and Y. Round answers to the nearest whole number.______________ units of X______________ units of Y

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Finch Corporation sells products for $32 each that have variable costs of $17 per unit. Finch's annual fixed cost is $345,000. Required Use the per-unit contribution margin approach to determine the break-even point in units and dollars. Break-even point in units Break-even point in dollars