Marlin Motors sells a single product with a selling price of $460 with variable costs per unit of $184. The company's monthly fixed expenses are $55,200.A. What is the company's break-even point in units?Break-even units units?B. What is the company's break-even point in dollars?Break-even dollars $? C. Prepare a contribution margin income statement for the month of November when they will sell 100 units. Use a minus sign for a net loss if present.Income Statement $Sales Variable Costs $Contribution Margin Fixed Costs $Net Loss D. How many units will Marlin need to sell in order to realize a target profit of $60,720?New break-even units fill in the blank c7a1b703606305a_1 unitsE. What dollar sales will Marlin need to generate in order to realize a target profit of $60,720?New break-even dollars $fill in the blank c7a1b703606305a_2 FeedbackF. Construct a contribution margin income statement for the month of February that reflects $230,000 in sales revenue for Marlin Motors.Income Statement $Sales Variable Costs $Contribution Margin Fixed Costs $Net Income Marlin Motors sells a single product with a selling price of $460 with variable costs per unit of $184. The company's monthly fixed expenses are $55,200.A. What is the company's break-even point in units?Break-even unitsunitsB. What is the company's break-even point in dollars?Break-even dollars $C. Prepare a contribution margin income statement for the month of November when they will sell 100 units. Use a minus sign for a net loss if present.Income StatementSales$Variable CostsContribution MarginFixed CostsNet LossD. How many units will Marlin need to sell in order to realize a target profit of $60,720?New break-even unitsunitsE. What dollar sales will Marlin need to generate in order to realize a target profit of $60,720?New break-even dollars $ F. Construct a contribution margin income statement for the month of February that reflects $230,000 in sales revenue for Marlin Motors.Income StatementSalesVariable CostsContribution MarginFixed CostsNet Income

Name: Marlin Motors sells a single product with a selling price of $460 with
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Description: Marlin Motors sells a single product with a selling price of $460 with variable costs per unit of $184. The company's monthly fixed expenses are $55,200.A. What is the company's break-even point in units?Break-even units units?B. What is the company

Answered: Marlin Motors sells a single product…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter3: Cost-volume-profit Analysis

Section: Chapter Questions

Problem 4PA: Markham Farms reports the following contribution margin income statement for the month of August....

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Question

Marlin Motors sells a single product with a selling price of $460 with variable costs per unit of $184. The company's monthly fixed expenses are $55,200.

A. What is the company's break-even point in units?

Break-even units units?

B. What is the company's break-even point in dollars?

Break-even dollars $?

C. Prepare a contribution margin income statement for the month of November when they will sell 100 units. Use a minus sign for a net loss if present.

Income Statement

	$Sales
	Variable Costs
	$Contribution Margin
	Fixed Costs
	$Net Loss

D. How many units will Marlin need to sell in order to realize a target profit of $60,720?

New break-even units fill in the blank c7a1b703606305a_1 units

E. What dollar sales will Marlin need to generate in order to realize a target profit of $60,720?

New break-even dollars $fill in the blank c7a1b703606305a_2

Feedback

F. Construct a contribution margin income statement for the month of February that reflects $230,000 in sales revenue for Marlin Motors.

Income Statement

	$Sales
	Variable Costs
	$Contribution Margin
	Fixed Costs
	$Net Income

Marlin Motors sells a single product with a selling price of $460 with variable costs per unit of $184. The company's monthly fixed expenses are $55,200.
A. What is the company's break-even point in units?
Break-even units
units
B. What is the company's break-even point in dollars?
Break-even dollars $
C. Prepare a contribution margin income statement for the month of November when they will sell 100 units. Use a minus sign for a net loss if present.
Income Statement
Sales
$
Variable Costs
Contribution Margin
Fixed Costs
Net Loss
D. How many units will Marlin need to sell in order to realize a target profit of $60,720?
New break-even units
units
E. What dollar sales will Marlin need to generate in order to realize a target profit of $60,720?
New break-even dollars $

F. Construct a contribution margin income statement for the month of February that reflects $230,000 in sales revenue for Marlin Motors.
Income Statement
Sales
Variable Costs
Contribution Margin
Fixed Costs
Net Income

Expert Solution

Formula

Breakeven Point (Units) = $\frac{F i x e d C o s t}{S e l l i n g P r i c e p e r u n i t - V a r i a b l e C o s t p e r u n i t}$

Breakeven Point (Dollars) = $\frac{F i x e d C o s t}{P V R a t i o}$

Net Income = Sales - Variable Cost - Fixed Costs

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