1) What is the breakeven point in units?

2) Why is the breakeven point an important concept in management accounting? That is, what information does it provide managers? (You may wish to look at a variety of sources of information (e.g., online) to find suitable answers for this question. If so, be certain to include appropriate citations.)

3) How many units must the company sell to earn a target income of $72,000?

Michael's Inc. reported the following costs: Direct materials Direct labour Variable overhead Variable marketing expense Per unit $3.75 $3.00 $2.25 $1.00 Fixed marketing expense totals $32,500 and fixed administrative expenses total $87,500. The selling price per unit is $25