D.L. Pan and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Pan, the president, to believe that an aggressive marketing campaign will be necessary next year to maintain the company's present growth. To prepare for next year's marketing campaign, the company's controller has prepared and presented Mr. Pan with the following data for the current year, 2020: (Click the icon to view the data.) Read the requirements. Data table Requirement 1. What is the projected net income for 2020? Using the equation method, select the basic formula used to compute t The target net income for 2020 is Requirement 2. What is the breakeven point in units for 2020? Determine the formula that is used to compute how many bowls are ne Variable cost (per bowl) Direct materials $ 3.00 Direct manufacturing labor 8.00 Variable overhead (manufacturing, marketing, distribution and customer service) 1.60 $ 12.60 Total variable cost per bowl Fixed costs Manufacturing $ 18,000 166,800 cent, $X.XX.) Marketing, distribution, and customer service Total fixed costs $ 184,800 Selling price $ 28.00 $ 602,000 40% 21, with all other costs remaining constant, will be necessary to attain the Requirement 3. Mr. Pan has set the revenue target for 2021 at a level revenue target. What is the net income for 2021 if the additional $33,88 The target net income for 2021 is Requirement 4. What is the breakeven point in revenues for 2021 if the Expected sales, 21,500 units Income tax rate Print Done