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High-Low Cost Estimation and Profit Planning Comparative 2007 and 2008 income statements for Dakota Products...

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Accounting

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 $75,000 $120,000
Expenses (82,000) (103,000)
Profit (loss) $(7,000) $17,000

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

units (b) Determine the unit sales volume required to earn a profit of $7,000. Answer

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