Question: Pittsburg Tar Co had the following income statement for 2013

Pittsburg Tar Co. had the following income statement for 2013:

a. Compute the break-even point using the equation approach.
b. Prepare a CVP graph to reflect the relationships among cost, revenue, profit, and volume.
c. Prepare a profit-volume graph.
d. Prepare a short explanation for company management about each of the graphs.
e. Prepare an income statement at break- even point using variablecosting.
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