Survey of Accounting (Available Titles Cengagenow)

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Problem 11-6 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) wil appear beside, above, or immediately below an incorrect answer. 1. SOLDNER HEALTH CARE PRODUCTS INC. Estimated Income Statement For the Year Ending December 31, 2010 Sales Cost of goods sold: Direct materials Direct labor Factory overhead Cost of goods sold Gross profit Operating expenses: Sel ing expenses: Sales salaries and commissions Advertising Travel Miscel aneous sel ing expense Total sel ing expenses Administrative expenses: Office and officers' salaries Supplies Miscel aneous administrative expense Total administrative expenses Total expenses Income from operations 2. Contribution margin ratio = - = 3. Break-even sales (units) = = Break-even sales (dol ars) = = sales 4. Use the Autoshapes line feature to construct a cost-volume-profit chart indicating the break-even point. Click and drag either of the lines to sketch the total revenue and total cost functions on the graph.
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.

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11-06Pr_5e_s - Problem 11-6 Name: Section: Score: 0%...

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