Question

can you explain in detail where each number is derived from and how to go about the problems?

PROBLEM 7B GIVEN: VC/UNIT VC % FC TAX RATE AFTER-TAX NI 66 75.00% 396,000 30% 203,280 REQUIRED PREPARE A COMPLETE INCOME STATEMENT REFLECTING THE ABOVE DATA PER UNIT TOTAL UNITS = 31,200 100.00% 75.00% 25.00% 88 66 22 SALES VC CM FC PT TAX AT 2,745,600 2,059,200 686,400 396,000 290,400 87,120 203,280 100.00% 30.00% 70.00%

Answer 1

	%	Per unit	Totals	Units = 31200
Sales	100%	$                                        88	$ 27,45,600
VC	75%	$                                        66	$ 20,59,200
CM	25%	$                                        22	$   6,86,400	31200
FC			$   3,96,000
PT	100%		$   2,90,400
Tax	30%		$       87,120
AT	70%		$   2,03,280
Per unit
Sales	=	($66 / 75%) X 100%	=	$                  88
CM	=	$88 - $66	=	$                  22
Totals
PT	=	($203280 / 70%) X 100%	=	$      2,90,400
Tax	=	($203280 / 70%) X 30%	=	$          87,120
CM	=	$290400 + $396000	=	$      6,86,400
Units	=	($686400 / $22)	=	31200
Sales	=	31200 units X $88	=	$    27,45,600
VC	=	31200 units X $66	=	$    20,59,200

A В Units = 31200 Per unit =C3/B3 0.75 =B2-B3 =C2-C3 =D4/C4 2 Sales 3 vc CM 5 FC 6 PT Tax Totals =E4*C2 =E4*C3 =D6+D5 396000 =(D8/B8) *B6 =(D8/B8) *B7 203280 0.3 =B6-B7 AT