Woodsman Company sells a product for $155 per unit. The variable cost is $70 per unit,...
Woodsman Company sells a product for $155 per unit. The variable cost is $70 per unit, and fixed costs are $408,000.
Determine (a) the break-even point in sales units and (b) the sales units required for the company to achieve a target profit of $114,240.
| a. Break-even point in sales units | units | |
| b. Break-even point in sales units required for the company to achieve a target profit of $114,240 | units |
Homework Answers
Contribution margin=Sales-Variable cost
=(155-70)=$85 per unit
a.Breakeven=Fixed expenses/Contribution margin
=408,000/85
=4800 units
b.Target contribution margin=Fixed cost+Target profits
=(408,000+114240)=$522240
Hence unit sales required=Target contribution margin/contribution margin per unit
=522240/85
=6144 units
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