Answer is given below with all working notes
Huels & Sons Inc. manufactures fishing products. As the senior financial analyst of the company, you...
value: 10.00 points Gogan Company manufactures and sells two products: Basic and Deluxe. Monthly sales, CM ratios, and the CM per unit for the two products are shown below Product Basic Total Deluxe $600,000 $400,000 $1,000,000 Sales Contribution margin ratio Contribution margin per unit 60% 9.00 11.50 The company's fixed expenses total $400,000 per month. Requirea 1. Prepare a contribution format income statement for the company as a whole. Basic Deluxe Total Amount Amount Amount 2. Compute the overall break-even...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (11,300 units at $175 each) Variable costs (11,300 units at $140 each) Contribution margin Fixed costs Pretax income .. $1,977,500 1,582,000 395,500 315,000 $ 80,500 1. Compute Hudson Co.'s break-even point in units. 2. Compute Hudson Co.'s break-even point in sales dollars. 1. units Break-even point...
Required information [The following information applies to the questions displayed below.] Hudson Co. reports the contribution margin income statement for 2019. HUDSON CO. Contribution Margin Income Statement For Year Ended December 31, 2019 Sales (10,500 units at $225 each) Variable costs (10,500 units at $180 each) Contribution margin Fixed costs $2,362,500 1,890,000 472,500 369,000 $ 103,500 Pretax income 1. Compute Hudson Co.'s break-even point in units. 2. Compute Hudson Co.'s break-even point in sales dollars. units 1. Break-even point 2....
Blanchard Company manufactures a single product that sells for $160 per unit and whose total variable costs are $120 per unit. The company's annual fixed costs are $596,000. (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point. (2) Assume the company's fixed costs increase by $134,000. What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs...
Gogan Company manufactures and sells two products: Basic and Deluxe. Monthly sales, CM ratios, and the CM per unit for the two products are shown below: Product Basic Deluxe Total Sales $ 600,000 $ 400,000 $ 1,000,000 Contribution margin ratio 60 % 35 % ? Contribution margin per unit $ 9.00 $ 11.50 ? The company’s fixed expenses total $400,000 per month. Required: 1. Prepare a contribution format income statement for the company as a whole. 1.000.000 Basic Deluxe Total...
Blanchard Company manufactures a single product that sells for $240 per unit and whose total variable costs are $192 per unit. The company's annual fixed costs are $734,400. (1) Prepare a contribution margin Income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point. (2) Assume the company's fixed costs Increase by $138,000. What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs...
Blanchard Company manufactures a single product that sells for $120 per unit and whose total variable costs are $90 per unit. The company's annual fixed costs are $432,000. (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point. (2) Assume the company's fixed costs increase by $129,000. What amount of sales (in dollars) is needed to break even? Complete this question by entering your answers in the tabs below....
Blanchard Company manufactures a single product that sells for $240 per unit and whose total varlable costs are $192 per unit. The company's annual fixed costs are $734,400. () Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point. (2) Assume the company's fixed costs Increase by $138,000. What amount of sales (In dollars) Is needed to break even? Complete this question by entering your answers in the tabs...
Exercise 18-11 Income reporting and break-even analysis LO P2 Blanchard Company manufactures a single product that sells for $104 per unit and whose total variable costs are $78 per unit The company's annual fixed costs are $369,200. (1) Prepare a contribution margin income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break-even point. (2) Assume the company's fixed costs increase by $127,000. What amount of sales (in dollars) is needed to break even? Complete this...
Exercise 18-11 Income reporting and break-even analysis LO P2 10 points Blanchard Company manufactures a slingle product that sells for $220 per unit and whose total variable costs are $176 per unit. The company's annual fixed costs are $664,400. Skipped (1) Prepare a contribution margin Income statement for Blanchard Company showing sales, variable costs, and fixed costs at the break- even point. (2) Assume the company's fixed costs Increase by $136,00o. What amount of sales (In dollars) Is needed to...