INCOME STATEMENT, BREAK-EVEN UNITS, UNITS TO EARN TARGET INCOME Goslin Company sold 27,000 units last year at
Question:
INCOME STATEMENT, BREAK-EVEN UNITS, UNITS TO EARN TARGET INCOME Goslin Company sold 27,000 units last year at $14 each. Variable cost was $9.50, and fixed costs were $126,000.
Required:
. Prepare an income statement for Goslin Company for last year.
. Calculate the break-even point in units.
. Calculate the units that Goslin must sell to earn operating income of $9,900 next year.
Exercise
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