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The following is Lowkey Corp.s' controbution format income statement for last month: Sales in units 20, 000 Sales $ 2, 000, 000 variable expenses 1,200,000

The following is Lowkey Corp.s' controbution format income statement for last month:

Sales in units 20, 000

Sales $ 2, 000, 000

variable expenses 1,200,000

Fixed expenses 280,000

a) Fill in the below info:

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b) What is the company's break-even point in unit sales using the formula method.

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c) What is the company's break-even point in dollar sales using formula method

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d) How many units would the company have to sell to attain target operating profits of $160, 000?

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e) How many units would the company have to sell to attain target net income of $60,000, knowing that the company's tax rate is 25%?

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Selling price per unit Variable expense per unit Fixed expense per unit Contribution margin per unit Contribution margin ratio

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