CanvasDaySavedLin Corporation has a single product whose selling price is $135 per unit and whose variable expense is $54 per unit. The company'smonthly fixed expense is $40,000.Required:1. Calculate the unit sales needed to attain a target profit of $8,600. (Do not round intermediate calculations.)2. Calculate the dollar sales needed to attain a target profit of $9.800. (Round your intermediate calculations to the nearest wholenumber.)units1. Units sales to attain target profit2. Dollar sales to attain target profit

Formula: Contribution margin =Selling Price - Variable cost Contribution margin Ratio = Selling…

Answered: Lin Corporation has a single product…

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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Mauro Products distributes a single product, a woven basket whose selling price is $22 per unit and whose variable expense is $16 per unit. The company's monthly fixed expense is $10,800. Required: 1. Calculate the company's break-even point in unit sales. 2. Calculate the company's break-even point in dollar sales. (Do not round intermediate calculations.) 3. If the company's fixed expenses increase by $600, what would become the new break-even point in unit sales? In dollar sales? (Do not round intermediate calculations.) 1. Break-even point in unit sales 2. Break-even point in dollar sales baskets 3. Break-even point in unit sales baskets 3. Break-even point in dollar sales
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