Maple Enterprises sells a single product with a selling price of $70 and variable costs per unit of $21. The company's monthly fixed expenses are $29,400. A. What is the company's break-even point in units? Break-even units 600 units B. What is the company's break-even point in dollars? Break-even dollars $49.00 C. Construct a contribution margin income statement for the month of September when they will sell 800 units. Use a minus sign for a net loss if present. Income Statement Sales $56,000 Variable Costs -16,800 Contribution Margin $39,200 Fixed Costs -29,400 Net Income $9,800 D. How many units will Maple need to sell in order to reach a target profit of $44,100? New break-even units _____ units E. What dollar sales will Maple need in order to reach a target profit of $44,100? New break-even dollars $_____ F. Construct a contribution margin income statement for Maple that reflects $140,000 in sales volume. Income Statement

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter3: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 5EB: Cadre, Inc., sells a single product with a selling price of $120 and variable costs per unit of $90....
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Maple Enterprises sells a single product with a selling price of $70 and variable costs per unit of $21. The company's monthly fixed expenses are $29,400.

A. What is the company's break-even point in units?

Break-even units 600 units

B. What is the company's break-even point in dollars?

Break-even dollars $49.00

C. Construct a contribution margin income statement for the month of September when they will sell 800 units. Use a minus sign for a net loss if present.

Income Statement

Sales $56,000
Variable Costs -16,800
Contribution Margin $39,200
Fixed Costs -29,400
Net Income $9,800

D. How many units will Maple need to sell in order to reach a target profit of $44,100?

New break-even units _____ units

E. What dollar sales will Maple need in order to reach a target profit of $44,100?

New break-even dollars $_____

F. Construct a contribution margin income statement for Maple that reflects $140,000 in sales volume.

Income Statement

   
   
   
   
   
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