2c Hallstead Jewelers Quantitative Analysis Solution

2c Hallstead Jewelers Quantitative Analysis Solution -...

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Contribution Format Income Statement 2003 2004 2006 Sales $8,583,000 $8,102,000 $10,711,000 Less: Variable Costs COGS 4,326,000 4,132,000 5,570,000 Sales Commissions 429,000 405,000 536,000 Total Variable Costs 4,755,000 4,537,000 6,106,000 Contribution Margin 3,828,000 3,565,000 4,605,000 Less: Fixed Costs Salaries 2,021,000 2,081,000 3,215,000 Advertising 254,000 250,000 257,000 Administrative Expense 418,000 425,000 435,000 Rent 420,000 420,000 840,000 Depreciation 84,000 84,000 142,000 Misc. Expense 53,000 93,000 122,000 Total Fixed Costs 3,250,000 3,353,000 5,011,000 Net Income $578,000 $212,000 $(406,000) Number of Sales Tickets (given) 5,341 5,316 6,897
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Breakeven in Sales Tickets and in Sales Dollars 2003 2004 2006 Total Units Per Ticket Total Units Per Ticket Total Units Per Ticket Sales $8,583,000 5,341 $1,607.00 $8,102,000 5,316 $1,524.08 $10,711,000 6,897 $1,552.99 Variable Costs $4,755,000 5,341 $890.28 $4,537,000 5,316 $853.46 $6,106,000 6,897 $885.31 Contribution Margin $3,828,000 5,341 $716.72 $3,565,000 5,316 $670.62 $4,605,000 6,897 $667.68 Breakeven In Sales Tickets 2003 2004 2006
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2c Hallstead Jewelers Quantitative Analysis Solution -...

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