High-Low Cost Estimation and Profit Planning (LO3, 4) Comparative 2011 and 2012 income statements for Dakota Products
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High-Low Cost Estimation and Profit Planning (LO3, 4)
Comparative 2011 and 2012 income statements for Dakota Products Inc. follow:
DAKOTA PRODUCTS INC.
Comparative Income Statements For Years Ending December 31, 2011 and 2012 2011 2012 WitESAICS Bera es 5,000 8,000 Sales revenue........ $65,000 $104,000 EXPENSES ieee eanteere se (70,000) (85,000)
Profit (loss).......... $ (5,000) $ 19,000 Required d.
b.
Determine the break-even point in units.
Determine the unit sales volume required to earn a profit of $10,000.
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