Break-even point in sales $D. Using an income statement format, prove that this is the break-even point. If an amount is zero, enter "0".Income StatementSalesProduct AAProduct BBProduct CCTotal SalesVariable CostsProduct AAProduct BBProduct CCTotal Variable CostsContribution Margin $Fixed CostsNet IncomeAll work saved.%24%24%24%24%24 E CalculatorMorris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit variable cost for the three products are as follows:Sales Price Variable CostProductper Unitper UnitAA$50$35BB4015CC35Their sales mix is reflected as a ratio of 5:3:2. Annual fixed costs shared by the three products are $231,000 per year.A. What are total variable costs for Morris with their current product mix?Total variable costs $B. Calculate the number of units of each product that will need to be sold in order for Morris to break even.Number ofUnits per ProductAABBCCC. What is their break-even point in sales dollars?Break-even point in sales $D. Using an income statement format, prove that this is the break-even point. If an amount is zero, enter "0".Income StatementAll work saved.Email InstructorSul中LEGO

Break even point in unit sales shows number of units to be sold to come into no profit and no loss…

A. What are total variable costs for Morris with their current product mix? Total variable costs $ B. Calculate the number of units of each product that will need to be sold in order for Morris to break even. Number of Units per Product AA BB CC C. What is their break-even point in sales dollars? Break-even point in sales $ D. Using an income statement format, prove that this is the break-even point. If an amount is zero, enter "0".

A. What are total variable costs for Morris with their current product mix? Total variable costs $ B. Calculate the number of units of each product that will need to be sold in order for Morris to break even. Number of Units per Product AA BB CC C. What is their break-even point in sales dollars? Break-even point in sales $ D. Using an income statement format, prove that this is the break-even point. If an amount is zero, enter "0".

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 6PA: Morris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit...

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Morris Industries manufactures and sells three products (AA, BB, and CC). The sales price and unit variable cost for the three products are as follows: Their sales mix s reflected as a ratio of 5:3:2. Annual fixed costs shared by the three products are $25,000 per year. What are total variable costs for Morris with their current product mix? Calculate the number of units of each product that will need to be sold in order for Morris to break even. What is their break-even point in sales dollars? Using an income statement format, prove that this is the break-even point.
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