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Check your results by calculation. LO3 From the following planned income statement, construct a break-even chart and: find the break-even point find the margin of

Check your results by calculation.

LO3 From the following planned income statement, construct a break-even chart and:

  1. find the break-even point

  2. find the margin of safety

  3. estimate the sales necessary for a profit of $5,000

  4. convert this information into a profitvolume chart.

Sales 12,000 units @ $7.50 each $90,000
Variable costs 12,000 units @ $4 each $48,000
Fixed costs $20,000

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