Maple Enterprises sells a single product with a selling price of $60 and variable costs per unit of $30. The company's monthly fixed expenses are $15,000. A. What is the company's break-even point in units? Break-even units | units B. What is the company's break-even point in dollars? Break-even dollars $ C. Construct a contribution margin income statement for the month of September when they will sell 1,000 units. Use a minus sign for a net loss if present. Income Statement

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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Maple Enterprises sells a single product with a selling price of $60 and variable costs per
unit of $30. The company's monthly fixed expenses are $15,000.
A. What is the company's break-even point in units?
Break-even units
units
B. What is the company's break-even point in dollars?
Break-even dollars $
C. Construct a contribution margin income statement for the month of September when
they will sell 1,000 units. Use a minus sign for a net loss if present.
Income Statement
D. How many units will Maple need to sell in order to reach a target profit of $33,000?
New break-even units
units
E. What dollar sales will Maple need in order to reach a target profit of $33,000?
New break-even dollars $
F. Construct a contribution margin income statement for Maple that reflects $126,000 in
sales volume.
Income Statement
Transcribed Image Text:Maple Enterprises sells a single product with a selling price of $60 and variable costs per unit of $30. The company's monthly fixed expenses are $15,000. A. What is the company's break-even point in units? Break-even units units B. What is the company's break-even point in dollars? Break-even dollars $ C. Construct a contribution margin income statement for the month of September when they will sell 1,000 units. Use a minus sign for a net loss if present. Income Statement D. How many units will Maple need to sell in order to reach a target profit of $33,000? New break-even units units E. What dollar sales will Maple need in order to reach a target profit of $33,000? New break-even dollars $ F. Construct a contribution margin income statement for Maple that reflects $126,000 in sales volume. Income Statement
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