Can you help me get started with these questions?
1. At a break-even point of 440 units sold, variable expenses were $4,928 and fixed expenses were $2,464. What will the 441st unit sold contribute to profit?
2. Last year, Black Company reported sales of $680,000, a contribution margin of $204,000, and a net loss of $40,000. Based on this information, the break-even point was (rounded):
3. The break-even point in dollar sales for Rice Company is $359,000 and the company's contribution margin ratio is 34%. If Rice Company desires a profit of $100,980, sales would have to total
Your tutorial creates a contribution margin format income statement for all 3 problems to solve for missing amounts in Excel (see **attached**). Click in cells to see computations and formulas.