%24My HomengagevoWv2| Online teachir xO ) (29) Doja Cat, The Weekndow.com/ilrn/takeAssignment/takeAssignmentMam.ao?invoker=&takeAssignmentSessionLocator=&inprogress=false+| xeBookMarlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000.A. What is the company's break-even point in units?Break-even unitsV units007B. What is the company's break-even point in dollars?Break-even dollars $A 000'0FeedbackCheck My WorkA. What is the contribution margin per unit? Determine this amount and use it to determine how many units are needed to cover the fixed costs.B. How many units are needed to break even? Use amount to determine the total sales dollars needed.C. Prepare a contribution margin income statement for the month of November when they will sell 110 units. Use a minus sign for a net loss if present.Income StatementSales2438,500Variable CostsA00tContribution Margin23,100Fixed Costs000006-PrevioNet Loss A My HomegageNowv2| Online teachir x) (29) Doja Cat, The Weekndgagenow.com/ilrn/takeAssignment/takeAssignmentMa.uo?invoker=&takeAssignmentSessionLocator=&inprogress=falseeBookD. How many units will Marlin need to sell in order to realize a target profit of $37,800?New break-even unitsunitsE. What dollar sales will Marlin need to generate in order to realize a target profit of $37,800?New break-even dollars $FeedbackCheck My WorkD. Remember that the break-even formula and the target profit formula are virtually the same. The only difference is that you are adding in the desired target profdetermine the amount required to reach that desired profit level. Use per unit contribution margin to determine the amount of needed units.E. The amount determined in part D can be used here. How many sales dollars would be needed? What do you need to use in the calculation to determine that?F. Construct a contribution margin income statement for the month of February that reflects $185,500 in sales revenue for Marlin Motors.Income StatementSales2$Variable CostsContribution MarginFixed CostsNet Income24

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Description: %24My HomengagevoWv2| Online teachir xO ) (29) Doja Cat, The Weekndow.com/ilrn/takeAssignment/takeAssignmentMam.ao?invoker=&takeAssignmentSessionLocator=&inprogress=false+| xeBookMarlin Motors sells a single product with a selling price of $350 with

Contribution margin per unit has been calculated as follows: Contribution margin per unit=Selling…

Business

Accounting

Marlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000. A. What is the company's break-even point in units? Break-even units 200 V units B. What is the company's break-even point in dollars? Break-even dollars $ 70,000 V Feedback

Marlin Motors sells a single product with a selling price of $350 with variable costs per unit of $140. The company's monthly fixed expenses are $42,000. A. What is the company's break-even point in units? Break-even units 200 V units B. What is the company's break-even point in dollars? Break-even dollars $ 70,000 V Feedback

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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