Amarok Company sold 27,150 units last year at $15.60 each. Variable cost was $11.40, and...
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Amarok Company sold 27,150 units last year at $15.60 each. Variable cost was $11.40, and total fixed cost was $118,020. Required: 1. Prepare an income statement for Amarok for last year. Refer to the list of Amount Descriptions for the exact wording of text items within your 1. Prepare an income statement for Amarok for last year. 2. Calculate the break-even point in units. 3. Calculate the units that Amarok must sell to earn operating income of $10,080 this year. Amount Descriptions income statement. If a net loss is incurred, enter that amount as a negative number using a minus sign. Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Fixed cost Variable cost
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Amarok Company sold 27,150 units last year at $15.60 each. Variable cost was $11.40, and total fixed cost was $118,020. Required: 1. Prepare an income statement for Amarok for last year. Refer to the list of Amount Descriptions for the exact wording of text items within your 1. Prepare an income statement for Amarok for last year. 2. Calculate the break-even point in units. 3. Calculate the units that Amarok must sell to earn operating income of $10,080 this year. Amount Descriptions income statement. If a net loss is incurred, enter that amount as a negative number using a minus sign. Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Fixed cost Variable cost 