Reference no: EM132676488
The following totals are used to create CVP Income Statement for Frederick Company for FY2018:
Frederick Company
Selected Financial Figures
For the Year Ended 12/31/18
Sales (100 units) $10,000
Variable Costs:
Direct Labor $1,350
Direct Materials 1,550
Factory Overhead (variable) 2,000
Selling Expenses (variable) 600
Administrative Expenses (variable) 500
Fixed Costs:
Factory Overhead (fixed) $950
Selling Expenses (fixed) 1,000
Administrative Expenses (fixed) 1,000
Problem 1: Frederick Company utilizes a JIT production system and there are no Raw Materials Work-In-Process or Finished Goods inventories. Use this information to determine the FY 2016 breakeven point in units. Round and enter as a whole number.