Prepare an income statement for melford for last year, Accounting Basics

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Prepare an income statement for melford for last year

Problem

Melford Company sold 26,300 units last year at $16.30 each. Variable cost was $11.50, and total fixed cost was $136,800.

Required:

1. Prepare an income statement for Melford for last year.
2. Calculate the break-even point in units.
3. Calculate the units that Melford must sell to earn operating income of $8,640 this year.

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Accounting Basics: Prepare an income statement for melford for last year

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Accounting Basics: Prepare an income statement for melford for last year

Reference No:- TGS02708698

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