Jen amp berryrsquos currently sells 100000 pints of ice, Ask an Expert

Accounting

Jen & Berry’s currently sells 100,000 pints of ice cream per month according to the following income statement:

Total $ Per Unit $

SALES $300,000 $ 3.00

VARIABLE COSTS 200,000 $ 2.00

CONTRIBUTION MARGIN $ 100,000 $ 1.00

FIXED COSTS 50,000

NET INCOME $ 50,000

How many pints must be sold in a month to earn a Net Income of $100,000 ?

75,000 pints

150,000 pints

200,000 pints

none of the above are the correct number of pints that must be sold to earn $100,000 of Net Income.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91738576

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