Overhill, Inc., produces one model of mountain bike. Partial information for the company follows:

Required:

1. Complete the table.

2. Calculate Overhill’s contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $650.

3. Consider the contribution margins just calculated and total fixed costs. Determine whether Overhill’s break-even point will be more or less than 500 units.

4. Calculate Overhill’s break-even point in units and sales dollars.

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Number of bikes produced and sold 500 800 1,000 Total costs Variable costs $125,000 $ ? $ ? Fixed costs per year ? ? Total costs ? ? 222 ? ? Cost per unit Variable cost per unit ? ? Fixed cost per unit ? ? Total cost per unit ? $543.75 ???