TB MC Qu. 3-49 (Algo) Gardner Corporation manufactures skateboards... Gardner Corporation manufactures skateboards and is...
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TB MC Qu. 3-49 (Algo) Gardner Corporation manufactures skateboards... Gardner Corporation manufactures skateboards and is in the process of preparing next year's budget. The proforma Income statement for the current year is presented below $2,760,000 Sales Cost of sales: Direct material Direct labor Variable overhead Fixed overhead Gro || profit Selling and general admin. Exp. Variable Fixed Operating income $430,000 330,000 102,000 280,000 1, 142,000 $1,618,000 380,000 430,000 810,000 $ 808,000 For the coming year, the management of Gardner Corporation anticipates a 10 percent increase in sales, a 12 percent increase in variable costs, and a $63,000 increase in fixed costs. The break-even point for next year rounded to the nearest dollar) would be: (Do not round intermediate calculations.) Multiple Choice $ Operating income 808,000 For the coming year, the management of Gardner Corporation anticipates a 10 percent increase in sales, a 12 percent increase in variable costs, and a $63,000 increase in fixed costs. The break-even point for next year rounded to the nearest dollar) would be: (Do not round Intermediate calculations.) Multiple Choice 5911669 $1,426 67 3924,000 54559754
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