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P7-61A (similar to) Data Table The budgets of four companies yield the following info EEB (Click the icon to view the budget

Please help me fill in all of the blanks with steps. Thank you!

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Answer #1

Fill missing amount

Q R S T
Target sales 720000 328750 224000 (15750*40+270000) = 900000
Variable expense 216000 (328750*.20) = 65750 224000/2 = 112000 270000
Fixed expense 720000-216000-154000 = 350000 153000 93000 490000
Operating income (loss) 154000 (328750-65750-153000) = 110000 19000 140000
Unit sold 504000/6 = 84000 131500 12500 15750
Contribution margin per unit 6 263000/131500 = 2 8.96 40
Contribution margin ratio 504000/720000 = 70% 0.80 8.96/17.92 = 50% 630000/900000 = 70%

Break even Revenue

Q = 350000/.70 = $500000

R = 153000/.80 = $191250

S = 112000/.50 = $224000

T = 490000/.7 = 700000

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