Marlin Motors sells a single product with a selling price of $490 with variable costs per...
Marlin Motors sells a single product with a selling price of $490 with variable costs per unit of $196. The company's monthly fixed expenses are $52,920.
C. Prepare a contribution margin income statement for the month of November when they will sell 140 units. Use a minus sign for a net loss if present.
| Income Statement | |
| Sales | $ |
| Variable Costs | |
| Contribution Margin | $ |
| Fixed Costs | |
| Net Loss | $ |
D. How many units will Marlin need to sell in order to realize a target profit of $61,740?
New break-even units units
E. What dollar sales will Marlin need to generate in order to realize a target profit of $61,740?
New break-even dollars $
F. Construct a contribution margin income statement for the month of February that reflects $259,700 in sales revenue for Marlin Motors.
| Income Statement | |
| Sales | $ |
| Variable Costs | |
| Contribution Margin | $ |
| Fixed Costs | |
| Net Income | $ |
Homework Answers
C. Prepare a contribution margin income statement for the month of November when they will sell 140 units. Use a minus sign for a net loss if present.
| Income Statement | |
| Sales (140*490) | $68600 |
| Variable Costs (140*196) | 27440 |
| Contribution Margin | $41160 |
| Fixed Costs | 52920 |
| Net Loss | -11760 |
D. How many units will Marlin need to sell in order to realize a target profit of $61,740?
New break-even units = (52920+61740)/294 = 390 units
E. What dollar sales will Marlin need to generate in order to realize a target profit of $61,740?
New break-even dollars $390*490 = $191100
F. Construct a contribution margin income statement for the month of February that reflects $259,700 in sales revenue for Marlin Motors.
| Income Statement | |
| Sales | $259700 |
| Variable Costs | 103880 |
| Contribution Margin | $155820 |
| Fixed Costs | 52920 |
| Net Income | $102900 |
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