Calculate a products break-even point by sales units.
Calculate a products break-even point, by sales units and by sales dollars, and construct a contribution margin income statement.IntroductionNote: Accounting requires specific steps that need to be executed in a sequence. The assessments in this course are presented in sequence and must be completed in order.Analysis and charting are used to provide specific information to inform management decisions.Activity-based systems provide managers with cost information for strategic decision making and planning that is not readily available with other costing methods.InstructionsNote: Accounting requires specific steps that need to be executed in a sequence. The assessments in this course are presented in sequence and must be completed in order.Use theAnalysis and Charting Template [XLSX] to complete this assessment. This assessment focuses on cost analysis and behavior. Based on the data provided in the template, identify cost behaviors, estimate products, and prepare a contribution margin income statement.Competencies MeasuredBy successfully completing this assessment, you will demonstrate your proficiency in the course competencies through the following assessment scoring guide criteria:Competency 1: Analyze cost accounting systems.Calculate a products break-even pointby sales units.Calculate a products break-even pointby sales dollars.Competency 4: Analyze financial statements.Construct a contribution margin income statement showing sales, variable costs, and fixed costs at the break-even point.Competency 5:Communicate in a manner that is professional and consistent with expectations for professionals in the field of accounting.Communicate quantitative information accurately and effectively.
