Apollo Company manufactures a single product that sells for $168 per unit and whose total variable costs are $126 per unit. The company's annual fixed costs are $630,000.
| (1) |
Prepare a contribution margin income statement for Apollo Company at the break-even point. (Leave no cells blank - be certain to enter "0" wherever required. Input all amounts as positive values. Omit the "$" sign in your response.)
|
APOLLO COMPANY
Contribution Margin Income Statement (at Break-Even) |
| (Click to select)Fixed costsVariable costsSalesContribution marginIncome taxes |
$ |
| (Click to select)Contribution marginSalesIncome taxesVariable costsFixed costs |
|
|
|
| (Click to select)Contribution marginSalesIncome taxesFixed costsVariable costs |
|
| (Click to select)Fixed costsContribution marginIncome taxesSalesVariable costs |
|
|
|
| Net income |
$ |
|
|
|
| (2) |
Assume if the company's fixed costs increase by $135,000, what amount of sales (in dollars) is needed to break even point? (Omit the "$" sign in your response. )
|