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Break Even Sales in Units, Managerial Accounting
Kibble Company had the following functional income statement for the month of July 2011:
Functional Income Statement
For the Month Ending July 31, 2011
Sales ($40 x 25,000) $1,000,000
Cost of goods sold:
Direct materials ($8 x 25,000) $200,000
Direct labor ($6 x 25,000) 150,000
Variable factory overhead ($5.00 x 25,000) 125,000
Fixed factory overhead 180,000 - 655,000
Gross profit $ 345,000
Selling and administrative expenses:
Variable ($1.00 x 25,000) $25,000
Fixed 60,000 - 85,000
Calculate Kibble Company''''s break-even sales in units
Posted Date: 7/11/2012 3:39:10 PM | Location : United States
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