Business, 15.01.2020 06:31 sergiog6833
Gardner corporation manufactures skateboards and is in the process of preparing next year's budget. the pro forma income statement for the current year is presented below.
sales $1,500,000
cost of sales:
direct material $250,000
direct labor 150,000
variable overhead 75,000
fixed overhead 100,000 575,000
gross profit 925,000
selling and general & admin. exp.
variable 200,000
fixed 250,000 450,000
operating income 475,000
for the coming year, the management of gardner corporation anticipates a 10 percent increase in sales, a 12 percent increase in variable costs, and a $45,000 increase in fixed costs. the break-even point for next year would be: a) $474,000. b) $214,018.
c) $729,027. d) $862, 103
Answers: 1
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Gardner corporation manufactures skateboards and is in the process of preparing next year's budget....
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