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PERI AND PAUL COMPANY Income Statement For the Year Ended December 31, 2017 Sales (240,000 units) Cost of goods sold Gross profit Operating expenses Selling

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PERI AND PAUL COMPANY Income Statement For the Year Ended December 31, 2017 Sales (240,000 units) Cost of goods sold Gross profit Operating expenses Selling Administrative $1,200,000 800,000 400,000 $280,000 150,000 ? 430,000 Net loss (30,000) A cost behavior analysis indicates that 60% of the cost of goods sold are variable, 45% of the selling expenses are variable, and 37% of the administrative expenses are variable (Round to nearest unit, dollar, and percentage, where necessary. Use the CVP income statement format in computing profits.) Compute the break-even point in total sales dollars and in units for 2017. (Round intermediate calculations to 2 decimal places, e.g. 0.25 and final answers to o decimal places, e.g. 2,520. Break-even point in dollars Break-even point in units units

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