Net Income Planning Midvale Corporation sells a single product for $100 per unit, of which $40 is contribution margin. Fixed costs total $120,000 and net income before income tax is $48,000.

Determine the following a. The present sales volume in dollars. $Answer

b. The break-even point in units. Answer

c. The sales volume in units necessary to attain a net income before income tax of $60,000. Answer

d. The sales volume in units necessary to attain a net income before income tax equal to 10% of sales revenue. Answer

e. The sales volume in units necessary to attain an after-tax net income of $54,000 if the tax rate is 40%. Answer