(Answered) Question - high-low cost estimation and profit

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Question - High-Low Cost Estimation and Profit Planning

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.

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