IS-18A. (Break-even point and selling price) Parks Castings, Inc., will manufacture and sell 200,000 units next year. Fixed costs will total $300,000, and variable costs will be 60 percent of sales.

a.ı The finn wants to achieve an earnings before interest and taxes level of $250,000. Whatˇ

selling price per unit is necessary to achieve this result?ˇ

b. Set up an analytical income statement to verify your solution to part (a).