Problem 19-5A (Part Level Submission) Mozena Corporation has collected the following information aft

Problem 19-5A (Part Level Submission)

Mozena Corporation has collected the following information after its first year of sales. Sales were $1,500,000 on 100,000 units; selling expenses $250,000 (40% variable and 60% fixed); direct materials $511,000; direct labor $290,000; administrative expenses $270,000 (20% variable and 80% fixed); manufacturing overhead $350,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year.

(a) Your answer is correct. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.)
(1) Contribution margin for current year

$ Contribution margin for projected year

$ (2) Fixed Costs

$ Click if you would like to Show Work for this question:

Open Show Work SHOW SOLUTION

SHOW ANSWER

LINK TO TEXT Attempts: 1 of 4 used

(b) Your answer is correct. Compute the break-even point in units and sales dollars for the current year. (Round intermediate calculations to 2 decimal places e.g. 2.25 and final answers to 0 decimal places, e.g. 1,225.)
Break-even point in units

units Break-even point in dollars

$ Click if you would like to Show Work for this question:

Open Show Work SHOW SOLUTION

SHOW ANSWER

LINK TO TEXT Attempts: 1 of 4 used

(c) Your answer is incorrect. Try again. The company has a target net income of $200,000. What is the required sales in dollars for the company to meet its target? (Round answer to 0 decimal places, e.g. 1,225.)
Sales dollars required for target net income

$ Click if you would like to Show Work for this question:

Open Show Work I need the answer in sales dollars, not a percent.