In 2014, Lulu & Latif Company has sales of $800,000, variable costs of $200,000, and fixed costs of $300,000. In 2015, the company expects annual property taxes to decrease by $15,000.
Required:
a. Calculate operating income and the breakeven point for 2011.
b. Calculate the breakeven point for 2012.

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The Answer of In 2014, Lulu & Latif Company has sales of $800,000, variable costs of $200,000, and fixed costs of $300,000. In 2015, the company expects annual property taxes to decrease by $15,000.
Required:
a. Calculate operating income and the breakeven point for 2011.
b. Calculate the breakeven point for 2012.

In 2014, Lulu & Latif Company Has Sales of $800,000