on margin enses Income 600,000 450.000 $ 150,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1.Tidy Cleaners sold 25,000 units during the month of April. The company's CVP income
statement for the month is reflected below:
Sales
Variable expenses
Contribution margin
Fixed expenses
Operating Income
$1,800,000
1,200,000
b) Break-even sales
c) Margin of safety
600,000
450,000
$ 150,000
Calculate the following for Tidy Cleaners:
a) Break-even units
Transcribed Image Text:1.Tidy Cleaners sold 25,000 units during the month of April. The company's CVP income statement for the month is reflected below: Sales Variable expenses Contribution margin Fixed expenses Operating Income $1,800,000 1,200,000 b) Break-even sales c) Margin of safety 600,000 450,000 $ 150,000 Calculate the following for Tidy Cleaners: a) Break-even units
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