Kantor, Inc

question 22

Essay

Kantor, Inc., produces and sells a single product whose selling price is $180.00 per unit and whose variable expense is $46.80 per unit. The company's fixed expense is $580,752 per month.
Required:
Determine the monthly break-even in either unit or total dollar sales. Show your work!

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Definitions:

Accounts

Records within an accounting system that are used to store and summarize transactions related to specific assets, liabilities, equity, revenue, and expenses.

Financial Statements

Reports that summarize the financial performance and position of a company, including the balance sheet, income statement, and cash flow statement.

Trial Balance

A bookkeeping report that lists the balances of all ledgers and accounts to check that debits equal credits.

Adjusted Trial Balance

A trial balance prepared after all adjustments for accrued, deferred, and estimated items have been posted, showing the balances of all accounts that will be used to prepare the financial statements.