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The Peace Company has the following functional income statement for the prior month.


($50 * 100,000 units)


Cost of goods sold

Direct materials


Direct labor


Variable factory overhead


Fixed factory overhead



Gross profit


Selling and administrative expense






Operating income


There were no beginning and ending inventories.


a. find out the contribution margin per unit.

b. find out the contribution margin ratio.

What is the break-even point in units?

What is the amount of sales in dollars needed to obtain a before-tax profit of $40,000?



Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M946296

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