Please check my work. I know I am missing the % of sales if I...
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Please check my work. I know I am missing the % of sales if I have my initial numbers right.
Blanchard Company manufactures a single product that sells for $140 per unit and whose total variable costs are $112 per unit. The company's annual fixed costs are $400,400. 14,300 units were sold (1) Prepare a contribution margin income statement for Blanchard Company at the break-even point. BLANCHARD COMPANY % of sales Contribution Margin Income Statement (at Break-Even) Sales 2,002,000 (1,601,600) 400,400 (400,400) Variable costs Contribution margin Fixed costs Net income (2) Assume the company's fixed costs increase by $128,000. What amount of sales (in dollars) is needed to break even? Break-even point in dollars Break-even point in dollars Break-even point in dollars Choose Numerator: Choose Denominator: Total fixed costs IContribution margin ratio 140/ 112% = $ 125
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