Priest and Sons, a local manufacturer of a product that sells for $13.50 per unit. Variable cost per unit is $7.85 and fixed cost per period is $1 220. Capacity per period is 1100 units.

Perform a break-even analysis showing

a) an algebraic statement of

(i) the revenue function;

(ii) the cost function;

(iii) calculate the break-even point in units.

b) a detailed break-even chart.