The following information was derived from an Income Statement when 20,000 units were sold. Sales $1,250,000 Variable Costs 250,000 Contribution Margin $1,000,000 Fixed Costs 400,000 Net Income $ 600,000
Determine the break-even point in units sold.
What is the margin of safety?
How many units must be sold if a Net Income of $800,000 is desired?