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1.(6 points) Jennys Football Jersey Sales, Inc. estimates variable cost to be 30% of sales,...

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Accounting

1.(6 points) Jennys Football Jersey Sales, Inc. estimates variable cost to be 30% of sales, and fixed cost to be $200,000. Each Saints T-Shirt has as selling price of $19.00.
Required:
A. Compute the break-even point in units and in dollars.
B. Compute the profit in dollars assuming actual sales are $1,200,000.
2.(6 points) Elizabeth Company wants its targeted net income to be $250,000 in 2020. The selling price per unit is $176.00 and the variable cost per unit was $85. The fixed cost is $600,000..
Required:
(a) Compute the number of units needed to be sold to reach the targeted net income.
(b) Compute the sales revenue needed to reach the targeted net income.

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