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Q4. Glass-Works, Inc., makes and sells a variety of cut glass vases. Fixed costs are...

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Q4. Glass-Works, Inc., makes and sells a variety of cut glass vases. Fixed costs are $216,000 per year. The average price for a cut glass vase is $24, and the average variable cost is $16 per item. Required: 1. How many vases must be sold to break even? 2. If Glass-Works wants to earn $130,000 in profit, how many vases must be sold? Prepare a variablecosting income statement to verify your

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