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Question - Burke Inc. had the following results for 2013:
Sales $600,000
Cost of Goods Sold 255,000
Gross Profit 345,000
Selling and Administrative Expenses 205,000
Net Income $140,000
During the year the company produced and sold 25,000 units. The variable cost of goods sold was $8.50 per unit and the variable selling and administrative expense was $2.50 per unit.
Required - Calculate the breakeven point in units for the company. If units sold were to decrease by 4,000 units in 2014, predict net income for 2014.
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