PEM, Inc makes a single product. First year income statement is 300,000 ($12/unit) 190,000 Variable costs per unit Fixed costs Material 6 Overhead Labor 9 Selling Overhead 3 Selling 5 Units sold Units Produced End Inventory Sale price Traditional Profit & Loss Statement 25,000 25,000 0 50 1,250,000 Sales (25,000 at $50) Cost of Goods Sold: Cost of Goods Sold (25000*30) 750,000 Gross Profit 500.000 Variable Selling (2500045) Fixed selling 125.000 190,000 Net Income 185,000 5 Create a Variable or CVP Income Statement to the right or below for PEM, Inc 6 What is the break even in revenue $$? Show calculation Round up if necessary