A Co. wants to earn a target net income of $300,000 during 2011. The variable costs are expected to be 25% of sales and the fixed are expected to be $60,000. The product made by James Co. sells for $80 each. SHOW CALCULATIONS.
a. What are the required sales in dollars to meet the target net income for 2011? __________
b. What is the contribution margin for 2011? ________________
c. What is the contribution margin per unit for 2011? _____________________
d. What is the breakeven point in dollars for 2011? ___________________