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What is the break-even number in sales dollars

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Reference no: EM132549364

The following is an income statement for last year.

REQUIRED: Restate this statement into the Contribution Margin format (in good form).

Sales100,000units $2,500,000

Cost of Goods Sold:

Direct materials $600,000

Direct Labor (variable) $165,000

Variable manufacturing overhead $55,000

Fixed manufacturing overhead $750,000 $1,570,000

Gross Profit $930,000

Selling and Administrative expense

Variable selling and admin$130,000

Fixed selling and admin$300,000 $430,000

Operating Income $500,000

Question 1: Using the Contribution Margin Financial Statement, what is the break-even number in sales dollars for this company?

Reference no: EM132549364

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