Taveras Industries developed the following information for the product it sells: 
For the year ended December 31, 2016, Taveras produced and sold 100,000 units of product.
Instructions
(a) Prepare a CVP income statement using the contribution margin format for Taveras Industries for 2016.
(b) What was the company's break-even point in units in 2016? Use the contribution margin technique.
(c) What was the company's margin of safety in dollars in 2016?
Definitions:
Allow Value List Edits
A feature in software that permits users to modify or update lists of predefined values.
Lookup List
A collection or database designed for easy searching and retrieval of information.
Explanation Property
A feature or aspect of an object or system that provides clarification, definition, or insight into its nature or behavior.
Validation Rule
A set of criteria that data must meet before being accepted into a database field, ensuring data integrity and accuracy.
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