Question # 2 — Cost-Volume-Profit
Safe Harbor Company prepared the following income statement for
2017:
SAFE HARBOR COMPANY
Income Statement
For the Year Ended December 31, 2017
——————————————————————————————————————————
Sales (20,000 units) $600,000
Variable expenses 360,000
Contribution margin 240,000
Fixed expenses 150,000
Net income $ 90,000
Instructions:
Answer the following independent questions and show computations to
support your answers.
1. What is the company's break-even point in units?
2. How many more units would the company have had to sell to...