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Generate a contribution margin income statement

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Reference no: EM132986578

Question - Beach Boys Surfboards Ltd provides the data below relating to its Longboards product for 2021:

Selling price per Longboard $700

Annual fixed manufacturing costs $625,000

Annual fixed non-manufacturing costs $260,000

Variable manufacturing costs per Longboard $100

Variable selling costs per Longboard $50

Annual sales volume expected in 2021: 5,000 Longboards

Required -

Question 1: Calculate the breakeven point in units and sales dollars.

Question 2: Generate a contribution margin income statement for 2021 if 18,000 Longboards are sold.

Reference no: EM132986578

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