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Apollo company manufactures a single product that sells for

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Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company's annual fixed costs are $630,000.

(1)

Prepare a contribution margin income statement for Apollo Company at the break-even point. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.)
APOLLO COMPANY
Contribution Margin Income Statement (at Break-Even)
  (Click to select)Fixed costsVariable costsSalesContribution marginIncome taxes $   
  (Click to select)Contribution marginSalesIncome taxesVariable costsFixed costs   


  (Click to select)Contribution marginSalesIncome taxesFixed costsVariable costs   
  (Click to select)Fixed costsContribution marginIncome taxesSalesVariable costs   


  Net income $   



(2)

Assume if the company's fixed costs increase by $135,000, what amount of sales (in dollars) is needed to break even point? (Omit the "$" sign in your response. )

 

Reference no: EM13572449

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