Question 2 (17 Marks) The following data are available from the accounting records of Jolly...
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Question 2 (17 Marks) The following data are available from the accounting records of Jolly Co for the month ended January 31, 2022. In the month of January, 10,000 units were manufactured and sold at a price of $50 per unit. Variable manufacturing cost per unit: Variable selling and administrative cost per unit sold: $2 Fixed manufacturing cost for the month: $200,000 Fixed selling and administrative cost for the month: $40,000 $18 Required: N a) Calculate the amount of contribution, S per unit. (5 marks) b) Calculate the breakeven point, in number of units for the month. (2 marks) e) Determine the margin-of-safety in dollar amount, for the month. (2 marks) d) Calculate the amount of additional net income if an additional 800 units were produced and sold (2 marks) e) Determine the number of units that must be sold in order to achieve a net income of $45,000. (3 marks) 1) Should the company reduce selling price per unit by S3 (from $50 to $47), in order to increase the quantity of units produced/ sold in the month by 1,000 units (from 10,000 units to 11,000 units)? What is the impact on total contribution, in dollar amount for the month
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