Cohen Company produces and sells socks. Variable cost is $4.80 per pair, and fixed costs for the year total $70,400. The selling price is $8 per pair.

Required:

1. Calculate the breakeven point in units.

2. Calculate the breakeven point in sales dollars.

3. Calculate the units required to make a before-tax profit of $41,600.

4. Calculate the sales dollars required to make a before-tax profit of $35,840.

5. Calculate the sales, in units and in dollars, required to make an after-tax profit of $25,840 given a tax rate of 30%.

units 1. Breakeven point 2. Breakeven point in sales dollars 3. Units required 4. Sales in dollars 5. Sales in units Sales in dollars