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The Peace Company has the following functional income statement for the prior month.
Sales
($50 * 100,000 units)
$5,000,000
Cost of goods sold
Direct materials
$1,200,000
Direct labor
$950,000
Variable factory overhead
$600,000
Fixed factory overhead
$850,000
$3,600,000
Gross profit
$1,400,000
Selling and administrative expense
Variable
Fixed
Operating income
There were no beginning and ending inventories.
Required:
1. Calculate the contribution margin per unit.
2. Calculate the contribution margin ratio.
3. What is the break-even point in units?
4. What is the amount of sales in dollars needed to obtain a before-tax profit of $40,000?
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