Dannica Corporation produces products that it sells for $40 each. Variable costs per unit are $25, and

Question:

Dannica produces products that it sells for $40 each. Variable costs per unit are $25, and annual fixed costs are $360,000. Dannica desires to earn a profit of $150,000.
Required
a. Use the equation method to determine the break-even point in units and dollars.
b. Determine the sales volume in units and dollars required to earn the desired profit.
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...