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3. 10.00 points Hawk Homes, Inc., makes one type of birdhouse that it sells for $29.20 each. Its variable cost is $13.50 per house, and
3. 10.00 points Hawk Homes, Inc., makes one type of birdhouse that it sells for $29.20 each. Its variable cost is $13.50 per house, and its fixed costs total $13,721.80 per year. Hawk currently has the capacity to produce up to 3,000 birdhouses per year, so its relevant range is 0 to 3,000 houses. Required 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,160 birdhouses this year. (Enter your answers rounded to 2 decimal places.) HAWK HOMES, INC. Contribution Margin Income Statement Contribution Margin 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. (Enter your answers rounded to 2 decimal places.) Total Contribution Margin 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. (Round your answers to 2 decimal places.) Unit Contribution Margin Contribution Margin Ratio 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. (Enter your answers rounded to 2 decimal places.) Total Contribution Margin 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. (Round your answers to 2 decimal places.) Unit Contribution Margin Contribution Margin Ratio 4. Calculate Hawk's break-even point in number of units and in sales revenue. (Round your "Sales Revenue" answer to 2 decimal places and "Unit" answer to the nearest whole number) Break-Even Units Units Break-Even Sales Revenue 5. Suppose Hawk wants to earn $30,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. (Round up to the next whole number.) Target Unit Sales Units
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