For the coming year, Cleves Company anticipates a unit selling price of $142, a unit variable cost of $71, and fixed costs of $603,500. Required: 1. Compute the anticipated break-even sales (units). fill in the blank 1 units 2. Compute the sales (units) required to realize a target profit of $298,200. fill in the blank 2 units 3. Construct a cost-volume-profit chart, assuming maximum sales of 17,000 units within the relevant range. From your chart, indicate whether each of the following sales levels would produce a profit, a loss, or break-even. $1,689,800 $1,505,200 $1,207,000 $908,800 $724,200 4. Determine the probable income (loss) from operations if sales total 13,600 units. If required, use the minus sign to indicate a loss. $fill in the blank 8
For the coming year, Cleves Company anticipates a unit selling price of $142, a unit variable cost of $71, and fixed costs of $603,500.
Required:
1. Compute the anticipated break-even sales (units).
fill in the blank 1 units
2. Compute the sales (units) required to realize a target profit of $298,200.
fill in the blank 2 units
3. Construct a cost-volume-profit chart, assuming maximum sales of 17,000 units within the relevant range. From your chart, indicate whether each of the following sales levels would produce a profit, a loss, or break-even.
| $1,689,800 |
|
| $1,505,200 |
|
| $1,207,000 |
|
| $908,800 |
|
| $724,200 |
|
4. Determine the probable income (loss) from operations if sales total 13,600 units. If required, use the minus sign to indicate a loss.
$fill in the blank 8
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