(Answered) Question - abc company produces two types of frozen dinners

Accounting

Question - ABC Company produces two types of frozen dinners, Pasta and Turkey. The budget data for next year are:

	Pasta	Turkey
Sale price per unit	$5.60	$7.20
Less: Variaable expenses	$3.20	$4.00
Contribution margin	$2.40	$3.20
Number of units	200,000	100,000
Fixed costs	$ 1,056,000.00

The fixed costs are not affected by the number of specific products sold.

Required:

Compute the planned net income for next year.

Compute the break-even point in units, assuming that the planned sales mix remains the same.

Compute the break-even point if only Pasta were sold.

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