Question
High-Low Cost Estimation and Profit Planning Comparative 2007 and 2008 income statements for Dakota Products Inc. follow: DAKOTA PRODUCTS INC. Comparative Income Statements For Years
High-Low Cost Estimation and Profit Planning Comparative 2007 and 2008 income statements for Dakota Products Inc. follow:
| DAKOTA PRODUCTS INC. Comparative Income Statements For Years Ending December 31, 2007 and 2008 | ||
|---|---|---|
| 2007 | 2008 | |
| Unit sales | 5,000 | 8,000 |
| Sales revenue | $70,000 | $112,000 |
| Expenses | (74,000) | (92,000) |
| Profit (loss) | $(4,000) | $20,000 |
(a) Determine the break-even point in units.
(b) Determine the unit sales volume required to earn a profit of $6,000.
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Auditing Trust And Governance Developing Regulation In Europe
Authors: Reiner Quick, Stuart Turley, Marleen Willekens
1st Edition
0415448905, 9780415448901
