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Comparative 2007 and 2008 income statements for Dakota Products Inc. follow:
DAKOTA PRODUCTS INC.
Comparative Income Statements
For Years Ending December 31, 2007 and 2008
2007 2008
Unit sales 5,000 8,000
Sales revenue $60,000 $96,000
Expenses (64,000) (76,000)
Profit (loss) $(4,000) $20,000

(a) Determine the break-even point in units.

(b) Determine the unit sales volume required to earn a profit of $5,000.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M943576

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