Reference no: EM132769153
The Income statement of Woodstock Company for the past year is as follows:
Sales (150,000 units @ 30) 4,500,000
Cost of goods sold:
Materials 1,050,000
Labor 1,500,000
Variable Factory Overhead 450,000
Fixed Factory Overhead 500,000 3,500,000
Gross Profit 1,000,000
Variable Marketing Expenses 135,000
Fixed Marketing Expenses 185,000
Fixed Manufacturing Expense 180,000 500,000
Net Income Before Tax 500,000
Income Tax 250,000
Net Income 250,000
Required:
Problem 1. Compute the Break even points in Units
Problem 2. Compute the Break even points in Peso Sales
Problem 3. Assuming the Woodstock would like to generate 300,000 net income after tax, how many units must be sold?
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