4 Pan of Required information The following information applies to the questions displayed below Praveen Co manufactures and markets a number of rope products. Management is considering the future of Product XT. a special rope for hang gliding that has not been os profitable as planned Since Products manufactured and marketed independently of the other products its total costs can be precisely measured Next year's plans call for a $320 selling price per 100 yards of XT rope its fixed costs for the year are expected to be $316 800, up to a maximum capacity of 550.000 yards of tope Forecasted variable costs ore 224 per 100 yards or XT pe 2 oua 2. Prepare a contribution margin income statement showing holes variable dats and ved costs for Product te break even point PRAVEEN CON Coutin Margincome Statement fack Product XT Un Total Contination margin