Lorge Corporation has collected the following information after its first year of sales. Sales were...
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Accounting
Lorge Corporation has collected the following information after its first year of sales. Sales were $ 2,075,200 on 129,700 units; selling expenses $ 311,280 (40% variable and 60% fixed); direct materials $ 662,767 ; direct labor $ 369,645 ; administrative expenses $ 363,160 (20% variable and 80% fixed); manufacturing overhead $ 466,920 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.
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