Dana’s Ribbon World makes award rosettes. Following is information about the company:
Variable cost per rosette ...... $ 1.60
Sales price per rosette ...... 3.00
Total fixed costs per month .... 889.00

Required:
1. Determine how many rosettes Dana’s must sell to break even.
2. Calculate the break-even point in sales dollars.
3. Prepare a CVP graph for Dana’s assuming the relevant range is 0 to 1,500 rosettes.