The Peace Company has the following functional income statement for the prior month.
| Sales ($50 * 100,000 units) | ||
| Cost of goods sold | $5,000,000 | |
| Direct materials | $1,200,000 | |
| Direct labor | $950,000 | |
| Variable factory | $600,000 | |
| Fixed factory | $850,000 | $3,600,000 |
| Gross profit | $1,400,00 | |
| Selling and administrative expense | ||
| Variable | ||
| Fixed |
Operating income
There were no beginning and ending inventories.
Required:
a. Calculate the contribution margin per unit.
b. Calculate the contribution margin ratio.
c. What is the break-even point in units?
d. What is the amount of sales in dollars needed to obtain a before-tax profit of $40,000?
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