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Question - The following budgeted information is available for SMJ Corp. (SMJ) for the upcoming year, based on sales of 80,000 units:
Sales $10,000,000
Variable costs 7,500,000
Contribution margin 2,500,000
Fixed costs 1,500,000
Operating income $1,000,000
Required -
a) Calculate SMJ's break-even point in units.
b) Calculate SMJ's margin of safety in units.
c) Determine how many more units (above the current volume) must be sold if SMJ wishes to increase operating income to $1,500.000.
d) Assume that SMJ has an opportunity to enter a new market that would cost an additional $275,000 in fixed costs but would increase sales by 10%. Determine whether SMJ should enter into this opportunity.
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