Maurice Tutor

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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 22 Jul 2017 My Price 11.00

TARGETED PROFIT, MARGIN OF SAFETY

BREAK-EVEN POINT, TARGETED PROFIT, MARGIN OF SAFETY

Cutlass Company’s projected profit for the coming year is as follows:

 

Total

Per Unit

Sales

$200,000

$20

Less: Variable expenses

120,000

12

Contribution margin

$ 80,000

$ 8

Less: Fixed expenses

64,000

 

Operating income

$ 16,000

 

Required:

1. Compute the break-even point in units.

2. How many units must be sold to earn a profit of $30,000?

3. Compute the contribution margin ratio. Using that ratio, compute the additional profit that Cutlass would earn if sales were $25,000 more than expected.

4. Suppose Cutlass would like to earn operating income equal to 20 percent of sales revenue. How many units must be sold for this goal to be realized? Prepare an income statement to prove your answer.

5. For the projected level of sales, compute the margin of safety.

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jul 2017 09:07 PM My Price 11.00

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