Prepare an income statement for jefferson at break even

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Reference no: EM13940201

CONTRIBUTION MARGIN, CONTRIBUTION MARGIN RATIO, BREAK-EVEN POINT IN UNITS, BREAK-EVEN SALES REVENUE

Next year, Jefferson Company expects to sell 140,000 units at $7.60 each. Variable costs are 60 percent of sales price. Fixed costs total $349,600.

Required:

1. Calculate the contribution margin per unit.

2. Calculate the break-even point in units.

3. Calculate the break-even sales revenue.

4. Prepare an income statement for Jefferson at break even.

Reference no: EM13940201

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