C Company sells home testing kits for Covid19: Antigen Rapid Test (ART), RT-PCR, Auto-Immune Response...
90.2K
Verified Solution
Link Copied!
Question
Accounting
C Company sells home testing kits for Covid19: Antigen Rapid Test (ART), RT-PCR, Auto-Immune Response (AIR). For its first year of operations 2020 show the following income statement summarized performance.Required:
15. Management has asked you to compute its break-even point. *two decimal places.
16. At the break-even point, how many units of Antigen must be sold? Round off to the nearest unit.
17. At the break-even point, how many units of RTPCR must be sold? Round off to the nearest unit.
18. At the break-even point, how many units of AIR must be sold? Round off to the nearest unit.
19. For the year 2021, actual total sales of the products are as follows: Antigen $500,000; RT PCR $312,500; and AIR $360,000. How much is the Net Operating Income (Loss) for 2021 assuming no change in the companys cost and pricing?
20. What is the new weighted contribution margin ratio for 2021? *two decimal places
Sales Variable Manufacturing Costs Contribution Margin Fixed Costs Net Operating Income (Loss) 10.00 7.50 2.50 ANTIGEN 200,000.00 12.50 150,000.00 4.38 50,000.00 8.13 RT PCR 500,000.00 30.00 175,000.00 15.00 325,000.00 15.00 AIR 300,000.00 150,000.00 150,000.00 Total 1,000,000.00 475,000.00 525,000.00 530,000.00 (5,000.00)
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Required: