Acc505 (TCO B) Imperial Company’s income statement for the most recent year
(TCO B) Imperial Company’s income statement for the most recent year appears below.
Sales (45,000 units) $1,350,000
Less: variable expenses 750,000
Contribution margin 600,000
Less: fixed expenses 375,000
Net operating income $225,000
- Calculate the unit contribution margin.
- Calculate the break-even point in dollars.
- If the company desires a net operating income of $290,000, how many units must it sell?