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 24 Jul 2017 My Price 5.00

Drake Compan

Drake Company produces a single product. Last year’s income statement is as follows:
Sales (20,000 units) ………..$1,218,000
Less: Variable costs …………...812,000
Contribution margin ………...$ 406,000
Less: Fixed costs ……………...300,000
Operating income …………...$ 106,000
Required:
1. Compute the break-even point in units and sales dollars.
2. What was the margin of safety for Drake Company last year?
3. Suppose that Drake Company is considering an investment in new technology that will increase fixed costs by $250,000 per year, but will lower variable costs to 45 percent of sales. Units sold will remain unchanged. Prepare a budgeted income statement assuming Drake makes this investment. What is the new break-even point in units, assuming the investment is made?

Answers

Maurice Tutor
(5)
Status NEW Posted 24 Jul 2017 12:07 PM My Price 5.00

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