Elmwood Pinecone sells fake Christmas trees with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500.NOTE: You may want to use one of the EXCEL spreadsheets I provided in the module - Chapter03 CM Income Statement.xlsx download or Chapter03 CM Income Statement BE.xlsx download - to help complete this problem. The following names are to be considered when completing this problem:Operating IncomeVariable CostsSalesFixed Costs per UnitSelling Price per UnitVariable Cost per UnitContribution MarginFixed CostsOperating LossWhat is the Elmwood’s break-even point in units? . Use commas as needed (i.e. 1,234).What is the Elmwood’s break-even point in dollars? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).Using the names listed above, construct a contribution margin income statement for the month of November when they will sell 900 units. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).Elmwood PineconeContribution Margin Income StatementFor the Month of November How many trees will Elmwood need to sell in order to realize a target profit of $45,000? . Use commas as needed (i.e. 1,234).What dollar sales will Elmwood need to generate in order to realize a target profit of $45,000? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).Construct a contribution margin income statement for the month of December that reflects $150,000 in sales revenue for Elmwood. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).Elmwood PineconeContribution Margin Income StatementFor the Month of December

Hi student Since there are multiple subparts, we will answer only first three subparts

Answered: Elmwood Pinecone sells fake Christmas…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter10: Short-term Decision Making

Section: Chapter Questions

Problem 2PB: Mortech makes digital cameras for drones. Their basic digital camera uses $80 in variable costs and...

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Elmwood Pinecone sells fake Christmas trees with a selling price of $75 and variable costs per unit of $30. The company’s monthly fixed expenses are $22,500.

NOTE: You may want to use one of the EXCEL spreadsheets I provided in the module - Chapter03 CM Income Statement.xlsx download or Chapter03 CM Income Statement BE.xlsx download - to help complete this problem.

The following names are to be considered when completing this problem:

Operating Income	Variable Costs	Sales
Fixed Costs per Unit	Selling Price per Unit	Variable Cost per Unit
Contribution Margin	Fixed Costs	Operating Loss

What is the Elmwood’s break-even point in units? . Use commas as needed (i.e. 1,234).
What is the Elmwood’s break-even point in dollars? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).
Using the names listed above, construct a contribution margin income statement for the month of November when they will sell 900 units. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).

Elmwood Pinecone
Contribution Margin Income Statement
For the Month of November

How many trees will Elmwood need to sell in order to realize a target profit of $45,000? . Use commas as needed (i.e. 1,234).
What dollar sales will Elmwood need to generate in order to realize a target profit of $45,000? . Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).
Construct a contribution margin income statement for the month of December that reflects $150,000 in sales revenue for Elmwood. Rounded to whole dollars and shown with "$" and commas as needed (i.e. $12,345).

Elmwood Pinecone

Contribution Margin Income Statement

For the Month of December

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