The following information is available from the accounting records of Oklahoma Manufacturing. Sales at 65% of Capacity $124,000 Fixed costs $24,750 Variable costs $44,800 Total costs $69,550 Net Income $54,450 a) Compute the break-even point in sales dollars (round off two the nearest cent) $ b) Compute the break-even point
The following information is available from the accounting records of Oklahoma Manufacturing. Sales at 65% of Capacity $124,000 Fixed costs $24,750 Variable costs $44,800 Total costs $69,550 Net Income $54,450 a) Compute the break-even point in sales dollars (round off two the nearest cent) $ b) Compute the break-even point
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following information is available from the accounting records of Oklahoma Manufacturing.
Sales at 65% of Capacity $124,000
Fixed costs $24,750
Variable costs $44,800
Total costs $69,550
Net Income $54,450
a) Compute the break-even point in sales dollars (round off two the nearest cent) $
b) Compute the break-even point as a percent of capacity. (round off two decimal places)
%
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The following information is available from the accounting records of Wisconsin International Inc..
| Sales at 65% of Capacity | $89,500 | |
| Fixed costs | $36,950 | |
| Variable costs | $28,350 | |
| Total costs | $65,300 | |
| Net Income | $24,200 |
a) Compute the break-even point in sales dollars (round off two the nearest cent) $
b) Compute the break-even point as a percent of capacity. (round off two decimal places) %
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