3. LO C REVIEW EXERCISE 1. L0003 The lighting division of Universal light based on the following accounting information: per unit is $157; selling price per unit is $185; and capacity per period is 320 units. (b) Compute the break-even point Electric Company plans to introduce a new street Fixed costs per period are $3136; variable cox (1) the contribution margin; (ii) the contribution rate. (a) Compute (i) in units; (ii) as a percent of capacity; (iii) in sales dollars. (c) Draw a detailed break-even chart. (d) For each of the following independent situa- tions, determine the break-even point as a percent of capacity: (i) fixed costs are reduced to $2688; (ii) fixed costs increase to $4588 and variable costs are reduced to 80% of the selling price; (iii) the selling price is reduced to $171