The following totals are used to create a CVP IncomeStatement for Frederick Company for FY2018:
Frederick Company |
Selected Financial Figures |
For the Year Ended 12/31/18 |
Sales (100 units) | | $10,000 |
Variable Costs: | | |
Direct Labor | $1,850 | |
DirectMaterials | 1,400 | |
Factory Overhead(variable) | 2,000 | |
Selling Expenses(variable) | 600 | |
Administrative Expenses(variable) | 500 | |
Fixed Costs: | | |
Factory Overhead(fixed) | $850 | |
Selling Expenses(fixed) | 1,000 | |
Administrative Expenses(fixed) | 1,000 | |
Frederick Company utilizes a JIT production system andthere are no Raw Materials, Work-in-Process or Finished Goodsinventories. Use this information to determine theFY 2016 breakeven point in units. Round and enter as awhole number.
