Graphite Corporation Sale Price per unit is $174 Variable cost is 40% of sales Net Income is $23,100 The company currently sells 500 units per month. Calculate the company's break-even point in sales dollars.
Master Budget
A master budget can be defined as an estimation of the revenue earned or expenses incurred over a specified period of time in the future and it is generally prepared on a periodic basis which can be either monthly, quarterly, half-yearly, or annually. It helps a business, an organization, or even an individual to manage the money effectively. A budget also helps in monitoring the performance of the people in the organization and helps in better decision-making.
Sales Budget and Selling
A budget is a financial plan designed by an undertaking for a definite period in future which acts as a major contributor towards enhancing the financial success of the business undertaking. The budget generally takes into account both current and future income and expenses.
Graphite Corporation
Sale Price per unit is $174
Variable cost is 40% of sales
Net Income is $23,100
The company currently sells 500 units per month.
Calculate the company's break-even point in sales dollars.
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