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Question - Longstreet Inc. has fixed operating costs of $300,000, variable costs of $2.50 per unit produced, and its product sells for $3.70 per unit. What is the company's break-even point, i.e., at what unit sales volume would income equal costs?
a. 250,000
b. 220,000
c. 255,000
d. 222,500
e. 232,500
Journalize the issuance of a stock dividend that was 5% of 500,000 common shares outstanding and par value was $2 and selling price was $20
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