Hello tutor, My name is Nathan and I'm doing a volunteer study guide before my exam. I came across this question and was stumped. It says something very similar will be on the exam. I was hoping you could help me figure this out, so I may study from it. Thanks so much

229 #5 Break-even 230 231 Widget Co. produces widgets for customers. The company has provided the following financial 232 233 Product Selling price per unit Sales Quantity Variable cost per unit Fixed costs 234 Widgets $8.00 550,000 $3.00 $65,000 235 236 a) Calculate break-even units and break-even sales 237 238 239 240 241 242 243 244 245 246 247 b) Suppose the company would like to generate an operating profit of $5,000. Determine the revenue that is needed to obtain this target, and calculate the number of units that need to be produced to meet this 248 goal. 249 250 251 252 253 254 255 256 257 258 259 c) In your own words, describe how break-even or cost-volume-profit analysis could be used by 260 management for strategic decision making. 261 262 263 264 265 266