$($Break$-$even point and selling price$)$ Specialty Steel, Inc. will manufacture and sell $240,000$ units next year. Fixed costs

will total $$270,000,$ and variable costs will be $55$ percent of sales.

a$.$ The firm wants to achieve a level of earnings before interest and taxes of $$270,000.$ What selling price per unit is

necessary to achieve this result?

b$.$ Set up a pro forma income statement to verify your solution to part a$.$

a$.$ What selling price per unit is necessary to achieve a level of earnings before interest and taxes of $$270,000?$

$$5($Round to three decimal places.$)$

b$.$ Set up a pro forma income statement to verify your solution to part a$.($Round up all items to the nearest dollar.$)$ is this correct?