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Question - Jacob Garzon operates a photography business that takes photographs of teams and players for various youth sports leagues and tournaments. His income statement for March, when he sold 4,000 photographs, is as follows:
Sales revenue
$80,000
$20.00
Less variable expenses
Cost of goods sold
20,000
5.00
Salaries and wages expense
8,000
2.00
Postage expense
4,000
1.00
Total variable expenses
32,000
8.00
contribution margin
48,000
$12.00
Less fixed expenses
4,600
Advertising
600
10,000
Insurance expense
1,500
Depreciation expense
1,300
Total fixed expenses
18,000
Operating income
$30,000
Required - Calculate Jacob's breakeven point in units and sales dollars.
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