Question: Temp Range Company prepared the following income statement for 2014: Instructions Answer the following independent questions and show computations to support your answers. a. What

Temp Range Company prepared the following income statement for 2014:

Instructions
Answer the following independent questions and show computations to support your answers.
a. What is the company's break-even point in units?
b. How many units would the company have had to sell to earn a target net income of $64,000 in 2014?
c. If the company expects a 25% increase in sales volume in 2015, what would be the expected net income in 2015?
d. How much sales (in dollars) would the company have to generate in order to earn a target net income of $68,000 in 2015?

TEMP RANGE COMPANY Income Statement For the Year Ended December 31, 2014 Sales (5,000 units).. Variable expenses Contribution margin. Fixed expenses Net income. $200,000 75,000 125,000 83,200 $ 41,800 nnnnnnrinnnnnnr

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