Refer to the CVP chart in QS 21-14 and solve for each

Refer to the CVP chart in QS 21-14 and solve for each of the items below.

1. Units produced at break-even point

2. Dollar sales at break-even point

3. Capacity in units 

4. Are fixed costs greater than $10,000?

5. If 1,400 units are produced and sold  is there a profit or a loss?

Data From QS 21-14

Match the descriptions 1 through 5 with labels a through e on the CVP chart.

1. Break-even point 

2. Total sales line 

3. Loss area 

4. Profit area 

5. Total costs line

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