(Answered) Question income statement break-even units units to earn

Accounting

Question: Income Statement, Break-Even Units, Units to Earn Target Income Melford Company sold 26,800 units last year at $16.00 each. Variable cost was $11.50, and total fixed cost was $126,000.

Required: 1. Prepare an income statement for Melford for last year.

2. Calculate the break-even point in units.

3. Calculate the units that Melford must sell to earn operating income of $12,150 next year.

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