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Compute the planned net income for next year

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Question - ABC Company produces two types of frozen dinners, Pasta and Turkey. The budget data  for next year are:

Pasta

Turkey

 Sale price per unit 

$5.60

$7.20

 Less: Variaable expenses 

$3.20

$4.00

 Contribution margin 

$2.40

$3.20

 Number of units 

200,000

100,000

 Fixed costs 

$ 1,056,000.00

The fixed costs are not affected by the number of specific products sold.

Required:

Compute the planned net income for next year.

Compute the break-even point in units, assuming that the planned sales mix remains the same.

Compute the break-even point if only Pasta were sold.

Reference no: EM131690647

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