ACCOUNTING-Currently, the unit selling price of a product

QUESTION

2. Currently, the unit selling price of a product is $360, the unit variable cost is $250,and the total fixed costs are $935,000.a. Compute the current break evenb. Compute the sales volume required to earn a target profit of $165,000.3. Sales (15,000 units)Production Costs (18,000)Direct MaterialsDirect Laborvariable Factory OverheadFixed Factory Overhead2,400,000990,000540,000225,000153,000Selling and Administrative ExpensesVariable selling and administrativeFixed selling and Administrative1,908,000270,00084,200354,200a. Prepare an income statement according to the absorption-costing conceptb. Will the income be the same using the variable costing concept? Explain? Noincome statement required.49Dec-14

ANSWER:

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