Exercise 3-1A (Algo) Equation method LO 3-1- Vernon Corporation produces products that it sells for $15 each. Variable costs per unit are $7, and annual fixed costs are $164,000. Vernon desires to earn a profit of $24,000. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit. a. Break-even point in units a. Break-even point in dollars b. Sales volume in units b. Sales in dollars

Vernon Corporation produces products that it sells for $15 each. Variable costs per unit are $7, and annual fixed costs are $164,000 Vernon desires to earn a profit of $24,000. Required a. Use the equation method to determine the break-even point in units and dollars. b. Determine the sales volume in units and dollars required to earn the desired profit