Accounting Assignment | Custom Assignment Help
For this week’s reflection, please write three complete and well composed paragraphs (in your own words) explain how to compute the answer to the following problem:
Phan Incorporated has annual fixed costs totaling $6,000,000 and variable costs of $350 per unit. Each unit of product is sold for $500.
Required:a. Calculate the contribution margin per unit.b. Find the break-even point in units.c. How many units must be sold to earn an annual profit of $750,000?