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Prepare an income statement for Khaling for last year

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Reference no: EM132871510

Problem 1 - Khaling Company sold 19,000 units last year at $18.00 each. Variable cost was $14.60, and total fixed cost was $68,000.

Required -

1. Prepare an income statement for Khaling for last year.

2. Calculate the break-even point in units.

3. Calculate the units that Khaling must sell to earn operating income of $20,400 this year.

Problem 2 - Werner Company produces and sells disposable foil baking pans to retailers for $2.75 per pan. The variable cost per pan is as follows: Fixed manufacturing cost totals $111,425 per year. Administrative cost (all fixed) totals $48,350.

Required - Compute the number of pans that must be sold for Werner to break even.

Reference no: EM132871510

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