14. Lamar Corporation sells a single product for $12 per unit. Last year, the company's sales...
14. Lamar Corporation sells a single product for $12 per unit. Last year, the company's sales revenue was $255,000 and its net operating income was $16,000. If fixed expenses totaled $82,000 for the year, the break-even point in unit sales was:
A. 15,000
B. 9,900
C. 17,781
D. 12,000
Homework Answers
| Units sold last year | 21250 | =255000/12 |
| Sales revenue | 255000 | |
| Less: Fixed expenses | 82000 | |
| Less: Net operating income | 16000 | |
| Variable expenses | 157000 | |
| Unit Variable expense | 7.39 | =157000/21250 |
| Fixed expenses | 82000 | |
| Divide by Unit contribution margin | 4.61 | =12-7.39 |
| Break-even point in unit sales | 17781 | |
| Option C 17,781 is correct |
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