EXERCISE 4-12.

CVP Analysis, Profit Equation [LO 3] Lake Stevens Marina has estimated that

fixed costs per month are $350,000 and variable cost per dollar of sales is $0.30.

a. What is the break-even point per month in sales dollars?

b. What level of sales dollars is needed for a monthly profit of $70,000?

c. For the month of July, the marina anticipates sales of $1,000,000. What is the expected level of profit?

Please show all work and calculations