Analysis of Cost and Profit Ratios Sumsung Refrigerator Company

Cost and Profit Ratios. The records of the Sumsung Refrigerator Company show the following information for the three months ended March 31, 20xx

Materials purchased $1,946,700
Inventories, January 1, 20xx
:
Materials 268,000
Finished goods (100 refrigerators) 43,000
Direct labor 2,125,800
Factory overhead (40% variable) 764,000
Marketing expenses (all fixed) 516,000
General and administrative expenses (all fixed) 461,000
Sales (12,400 refrigerators) 6,634,000


Inventories, March 31, 20xx
:
Materials 167,000
Finished goods (200 refrigerators), costed at $395 each. No unfinished work on hand.

You are required to prepare : (1) An income statement for the period.
(2) The number of units manufactured.
(3) The unit cost of refrigerators manufactured.
(4) The gross profit per unit sold.
(5) The net income per unit sold.
(6) The ratio of gross profit to sales.
(7) The net income to sales percentage.
(8) The break-even point in sales dollars.