In: Accounting
Comparative Income Statement Analysis | ||||
Comparative 2012 and 2013 income statements for Dakota Products: | ||||
2017 | 2018 | Change | ||
Unit Sales | 10,000 | 14,000 | 4,000 | |
Revenue | $ 150,000 | $ 220,000 | 70,000 | |
Expenses | 120,000 | 160,000 | 40,000 | |
Operating Profit | $ 30,000 | $ 60,000 | ||
a. What is the break-even point? | ||||
b. What number of units are required to earn an operating profit of | $70,000 | |||
c. What was the margin of safety for both 2017 and 2018? | ||||