Use the information below for the next problem.
Projected Income Statement Sales $30,000
Variable costs 9,000
Fixed costs 20,000
EBIT 1,000
Interest expense 600
EBT 400
Taxes 140
Net Income 260
Additional Data
Estimated Sales in Units 3,000
Price per unit $10.00
Variable Cost per unit $3.00
Tax Rate 35%
Calculate the following Operating Break-even Points:
(a) Find breakeven in units
(b) Find breakeven in dollars
(c) Find the Unit Sales Needed to Reach Target EBIT of $10,000
(d) Find the per unit Price to Break Even on Net Income. Calculate this using goal seek, assuming you have sold 2,500 units.