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Hand-in Assignment Question
The income statement for ABC's 2012 fiscal year is presented below. ABC manufactures one type of street lamp used on municipal roads.
Sales
2,400,000
Variable cost of goods sold
1,680,000
Variable sales commissions
120,000
Contribution margin
600,000
Selling expense
105,000
Sales commissions expense
48,000
Administrative expense
212,000
Net income
235,000
Variable costs per unit are £6.
Complete the following:
Please note: Round all answers to two decimal places.
1. Calculate break-even in pounds.
2. Calculate break-even in units.
3. Calculate break-even in pounds if the sales price increases by 10% and fixed costs increase by £12,000.
4. Calculate break-even in pounds if total sales increases by 10% and fixed costs increase by 10%.
5. Calculate sales (in pounds) to achieve £600,000 after tax. (Note: Thetax rate is 40%.)
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