1.
Introduction: Cost volume profit analysis (CVP) is used to ascertain the affect on company’s net income and operating income with respect to change in costs and volume of the production of the company. Break-even point is the level of sales which minimum required to overcome fixed and variable cost of the company.
It is the condition of no
To prepare:A profit graph for the company up to a sales level of 4,000 units.
2.
Introduction: Cost volume profit analysis (CVP) is used to ascertain the affect on company’s net income and operating income with respect to change in costs and volume of the production of the company. Break-even point is the level of sales which minimum required to overcome fixed and variable cost of the company.
It is the condition of no profits no loss for the company.
To calculate:The company break-even point in unit sale using profit graph.
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Chapter 3 Solutions
GEN COMBO MANAGERIAL ACCOUNTING FOR MANAGERS; CONNECT 1S ACCESS CARD
- We note the following adjusted trial balance totals: Cash $ 21,000 Accounts Receivable $ 20,000 Allowance for Doubtful Accounts $2,000 Merchandise Inventory $ 20,000 Accounts Payable $16,000 Capital $ 3,000 Sales Sales Returns Cost of Goods Sold Other Expenses Gross profit is: a. $56,000 b. $50,000 c. $80,000 d. $74,000 $ 80,000 $ 6,000 $ 24,000 $ 10,000arrow_forwardcorrect answer please general accountingarrow_forwardSolution want to this general account questionsarrow_forward
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