Harrow Seed and Fertilizer compiled the following estimates for its operations. Capacity per period is sales of $150 000.

For each of the following, perform a break-even analysis showing
(a) An algebraic statement of
(i) The revenue function,
(ii) The cost function;
(b) Computation of the break-even point
(i) In units,
(ii) In sales dollars,
(iii) As a percent of capacity;
(c) A detailed break-even chart.

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Sales $120000 Fixed cost Total variable cost $43 200 48000 Total cost Net income 91 200 $28 800