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1. ABC Inc. showed the following operating budget for the next year. colne $1 7 00nn Answer the following questions: Keep 8 decimal places for

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1. ABC Inc. showed the following operating budget for the next year. colne $1 7 00nn Answer the following questions: Keep 8 decimal places for the contribution rate. (a) Calculate the total contribution margin and contribution rate (CR). Hint: For CR equation. consider multiplying both numerator and denominator by X (volume). (b) How much sales revenue does ABC inc, need to generate to break-even? (c) Suppose the company decides to set a price of $100 for a unit of product that it sells. What is the break-even volume in units

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