Apollo company manufactures a single product that sells for, Ask an Expert

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Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company's annual fixed costs are $630,000.

(1)	Prepare a contribution margin income statement for Apollo Company at the break-even point. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.)

APOLLO COMPANY Contribution Margin Income Statement (at Break-Even)
(Click to select)Fixed costsVariable costsSalesContribution marginIncome taxes	$
(Click to select)Contribution marginSalesIncome taxesVariable costsFixed costs

(Click to select)Contribution marginSalesIncome taxesFixed costsVariable costs
(Click to select)Fixed costsContribution marginIncome taxesSalesVariable costs

Net income	$

(2)	Assume if the company's fixed costs increase by $135,000, what amount of sales (in dollars) is needed to break even point? (Omit the "$" sign in your response. )

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9950026

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