Practice Break Even Point Analysis

Here is information for a practice in preparation of the Monday Quiz:

Business: Hannah's Hats

Capacity: 2000 hats
Output 65%
Price: $25/hat

Costs:
Material $5/hat
Labor: $4000/month
Administration: $1500/month
Marketing: $1000/month
Power: $100/month
Rent: $2000/month

#1- Use the Unit Contribution method to find the Break Even Output

#2 Complete a detailed Break Even Point Chart

#3 - What is the Margin of Safety both in units and as a percent?

Good luck!