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Question - Thomas Corporation developed the following income statement using a contribution margin approach:
Thomas Corporation Projected Income Statement For the Current Year
Sales
$750,000
Less variable costs:
Variable manufacturing costs
$280,000
Variable selling costs
120,000
Total variable costs
400,000
Contribution margin
$350,000
Less fixed costs:
Fixed manufacturing costs
$130,000
Fixed selling and administrative costs
80,000
Total fixed costs
210,000
Operating income
$140,000
The projected income statement was based on sales of 100,000 units. Thomas has the capacity to produce 120,000 units during the year.
Required -
A. Determine the break-even point in units.
B. The sales manager believes that the company could increase sales by 8,000 units if the advertising expenditures were increased by $22,000. By how much will income increase or decrease if this plan is put into effect?
C. What is the maximum amount the company could pay for advertising if the sales would really increase by 8,000 units?
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