Thornton Company reported the following data regarding the product it sells:

Required

Use the contribution margin ratio approach and consider each requirement separately.

• What is the break-even point in dollars? In units?
• To obtain a profit of $40,000, what must the sales be in dollars? In units?
• If the sales price increases to $50 and variable costs do not change, what is the new break-even point in dollars? In units?

Thornton Company reported the following data regarding the product it sells: Required Use the contribution margin ratio approach and consider each requirement separately. a. What is the break-even point in dollars? In units? b. To obtain a profit of $40,000, what must the sales be in dollars? in units? c. If the sales price increases to $50 and variable costs do not change, what is the new break-even point in dollars? In units