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Anglico's Most Recent Income Statement Is Given Below

Question 93

Essay
Anglico's most recent income statement is given below.
  
Required:
a. Contribution margin per unit is $ ________ per unit
b. If sales are doubled total variable costs will equal $ ________
c. If sales are doubled total fixed costs will equal $ ________
d. If 20 more units are sold, profits will increase by $ ________
e. Compute how many units must be sold to break even. # ________
f. Compute how many units must be sold to achieve
operating income of $60,000.# ________
g. Compute the revenue needed to achieve an after tax
income of $30,000 given a tax rate of 30%. $ ________

Anglico's most recent income statement is given below.
Anglico's most recent income statement is given below.     Required: a. Contribution margin per unit is $ ________ per unit b. If sales are doubled total variable costs will equal $ ________ c. If sales are doubled total fixed costs will equal $ ________ d. If 20 more units are sold, profits will increase by $ ________ e. Compute how many units must be sold to break even. # ________ f. Compute how many units must be sold to achieve operating income of $60,000.# ________ g. Compute the revenue needed to achieve an after tax income of $30,000 given a tax rate of 30%. $ ________
Required:
a. Contribution margin per unit is $ ________ per unit
b. If sales are doubled total variable costs will equal $ ________
c. If sales are doubled total fixed costs will equal $ ________
d. If 20 more units are sold, profits will increase by $ ________
e. Compute how many units must be sold to break even. # ________
f. Compute how many units must be sold to achieve
operating income of $60,000.# ________
g. Compute the revenue needed to achieve an after tax
income of $30,000 given a tax rate of 30%. $ ________

Correct Answer:

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a. Contribution margin per unit is $92,0...

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