Solution-What is the amount of sales in dollars

What is the amount of sales in dollars

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Reference no: EM13546363

The Peace Company has the following functional income statement for the prior month.

Sales ($50 * 100,000 units)
Cost of goods sold	$5,000,000
Direct materials	$1,200,000
Direct labor	$950,000
Variable factory	$600,000
Fixed factory	$850,000	$3,600,000
Gross profit	$1,400,00
Selling and administrative expense
Variable
Fixed

Operating income

There were no beginning and ending inventories.

Required:

a. Calculate the contribution margin per unit.

b. Calculate the contribution margin ratio.

c. What is the break-even point in units?

d. What is the amount of sales in dollars needed to obtain a before-tax profit of $40,000?

Reference no: EM13546363

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What is the amount of sales in dollars

Reference no: EM13546363

Reference no: EM13546363

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