$ $ $ 2$ Price/unit 14 Variable cost/unit Total fixed cost 4 400,000 500,000 Target profit Calculate the breakeven in units. Calculate the breakeven revenues. Calculate the target profit in units. Calculate the target profit revenues. Construct an income statement in contribution margin format when the number of units sold are 50,000 units.

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter6: Cost-volume-profit Analysis
Section: Chapter Questions
Problem 2BE: Contribution margin Waite Company sells 250,000 units at 120 per unit. Variable costs are 78 per...
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only need help with target profit revenues and constructing income statement 

$
$
$
$
Price/unit
14
Variable cost/unit
Total fixed cost
4
400,000
500,000
Target profit
Calculate the breakeven in units.
Calculate the breakeven revenues.
Calculate the target profit in units.
Calculate the target profit revenues.
Construct an income statement in contribution margin format when the number of units
sold are 50,000 units.
Transcribed Image Text:$ $ $ $ Price/unit 14 Variable cost/unit Total fixed cost 4 400,000 500,000 Target profit Calculate the breakeven in units. Calculate the breakeven revenues. Calculate the target profit in units. Calculate the target profit revenues. Construct an income statement in contribution margin format when the number of units sold are 50,000 units.
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