CHAPTER 3 QUESTION 26 (PLEASE SHOW ALL WORK AND ANSWER ALL SUB QUESTIONS) CHAPTER 3 QUESTION 34 (PLEASE SHOW ALL WORK AND ANSWER ALL SUB QUESTIONS) CHAPTER 3 QUESTION 43 (PLEASE SHOW ALL WORK AND...

3-26
            Workings
        a.)    computation of Fixed Cost    Amount
            Rent & Utilities    $ 53,700.00
            Salaries    $ 69,000.00
            Advertisement    $ 10,500.00
                $ 133,200.00
        b.)     Computation of Variable Cost    Amount
            Purchase Cost    $ 28,000.00
            Commission    $ 400.00
                $ 28,400.00
        c.)     Computation of Contribution    Amount
            Sales    $ 32,000.00
            Variable cost    $ 28,400.00
            Contribution    $ 3,600.00
            Answers
        1.)    Total Fixed Cost    $ 133,200.00
            Contribution    $ 3,600.00
            Break Even Point    37
        2.) a.    Target Monthly Net Income    $ 69,120.00
            Tax Rate    40%
            Target Monthly operating Income    $ 115,200.00
        2.) b.    Target Monthly operating Income    $ 115,200.00
            Total Fixed Cost    $ 133,200.00
                $ 248,400.00
            Contribution    $ 3,600.00
            No. of Cars to be sold    69
3-34
                Workings
            a.)    computation of Fixed Cost    Amount
                Lease payment    $ 48,000.00
                Salaries    $ 33,000.00
                    $ ...