Mechem Corporation produces and sells a single product. In April, the company sold 2,000 units. Its total sales were $160,000, its total variable expenses were $78,600, and its total fixed expenses were $55,500. Required: a. Construct the company's contribution format income statement for April. b. Redo the company's contribution format income statement assuming that the company sells 1,900 units. Complete this question by entering your answers in the tabs below. Required a Required b Construct the company's contribution format income statement for April. (Do not round intermediate calculations.) $ 0 0 < Required a Required b >
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- West Island distributes a single product. The companys sales and expenses for the month of June are shown. Using the information presented, answer these questions: A. What is the break-even point in units sold and dollar sales? B. What is the total contribution margin at the break-even point? C. If West Island wants to earn a profit of $21,000, how many units would they have to sell? D. Prepare a contribution margin income statement that reflects sales necessary to achieve the target profit.In July, Meers Corporation sold 3,200 units of its only product. Its total sales were $108,800, its total variable expenses were $51,200, and its total fixed expenses were $35,300. Required: a. Construct the company's contribution format income statement for July. b. Redo the company's contribution format income statement assuming that the company sells 3,650 units. Complete this question by entering your answers in the tabs below. Required a Required b Construct the company's contribution format income statement for July. Note: Do not round intermediate calculations. 0 $ 0Mechem Corporation produces and sells a single product. In April, the company sold 1,600 units. Its total sales were $154,000, its total variable expenses were $80,000, and its total fixed expenses were $56,900. Required: a. Construct the company's contribution format income statement for April. (Do not round intermediate calculations.) b. Redo the company's contribution format income statement assuming that the company sells 1,500 units. (Do not round intermediate calculations.)
- Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 65,000 to 105,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 95,000 units during the year at a selling price of $9.36 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) Total cost Variable cost Fixed cost Total cost Cost per unit: Variable cost Fixed cost Total cost per unit $ $ $ 65,000 Units Produced and Sold 85,000 214,500 430,000 644,500 $ 0.00 $ 43,000 43,000 $ 0.00 $ 105,000 43,000 43,000 0.003) Popular Inc. produces and sells two products. During the most recent month, Pen's sales were $24,000 and its variable expenses were $7,920. Pencil's sales were $41,000 and its variable expenses were $14,180. The company's fixed expenses were $40,350. Required: a. Prepare a contribution format income statement for the business. b. Determine the overall break-even point for the company in total sales dollars. c. Verify your answer of requirement b by constructing a contribution income statement.Your company has provided its contribution format income statement for January. The company produces and sells a single product. What is its total contribution margin at 3,100 units? Sales (2,900 units) $269,700 Variable Expenses 107,300 Contribution Margin 162,400 Fixed Expenses 137,100 Net Operating Income $25,300
- Huge Company’s traditional format income statement for the month of May was as follows: Using the space provided below, please prepare an income statement for the month in contribution margin format b. By how much would net income increase if sales increased by $30,000?Harris Company manufactures and sells a single product. A partially completed schedule of the company's total costs and costs per unit over the relevant range of 63,000 to 103,000 units is given below: Required: 1. Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. 2. Assume that the company produces and sells 93,000 units during the year at a selling price of $8.50 per unit. Prepare a contribution format income statement for the year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Complete the schedule of the company's total costs and costs per unit as given in the relevant tab below. (Round the per unit variable cost and fixed cost to 2 decimal places.) 63,000 Units Produced and Sold 83,000 Units Produced and Sold 103,000 Units Produced and Sold Total costs: Variable costs $ 176,400 Fixed costs 390,000 Total costs $ 566,400 Cost per unit: Variable cost Fixed cost Total cost per unitSand Inc., a company that produces and sells a single product, has provided its contribution format income statement for January. Sales (4,300 units) 94,600 Variable expenses 47,300 Contribution margin 47,300 Fixed expenses 35,000 Net operating income 12,300 If the company sells 4,900 units, its total contribution margin should be closest to: (Do not round intermediate calculations.)
- Rovinsky Corp, a company that produces and sells a single product, has provided its contribution format income statement for November. Sales (5,700 units) $319,200 Variable Expenses 188,100 Contribution Margin 131,100 Fixed Expenses 106,500 Net Operating Income 24,600 Calculate how many unites would need to be sold to reach a target profit of $8,500.Pro-Leather Company is a manufacturer of leather cases for tablets. The following information pertains to operations during the 2020 calendar year. Sales Revenue $14,275,000 Direct Factory Labor Indirect Factory Labor Total Depreciation 1 3,952,600 1,232,250 400,000 Total Utilities 2 525,000 Distribution & Customer Service Costs 76,800 Insurance on Plant & Equipment Property Taxes 3 Administrative Wages & Salaries Advertising Expenses Sales Commission 585,000 90,000 1,076,000 57,700 6% of Sales Revenue 1Of the total depreciation, 80% relates to factory plant & equipment and 20% relates to general and administrative costs. 2 Of the total utilities, 75% relates to production and 25% relates to general and administrative costs. 3 The property taxes should be shared: 85% production & 15% general & administrative costs The following additional information is also available: Inventory Data: 1/1/2020 Purchases 31/12/2020 $750,000 $4,330,000 Raw Materials $807,000 Indirect Materials 55,000…Decaprio Inc. produces and sells a single product. The company has provided its contribution format income statement for June. Sales (6,100 units) $ 366,000 Variable expenses 244,000 Contribution margin 122,000 Fixed expenses 87,700 Net operating income $ 34,300 If the company sells 6,300 units, its net operating income should be closest to: (Do not round intermediate calculations.)