Problemmelford company sold 26900 units last year at 1650, Ask an Expert

Accounting

Problem

Melford Company sold 26,900 units last year at $16.50 each. Variable cost was $11.60, and total fixed cost was $136,710.

Required:

1. Prepare an income statement for Melford for last year.

2. Calculate the break-even point in units.

3. Calculate the units that Melford must sell to earn operating income of $15,680 this year.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92751907

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