$ 40 Break-Even Point and Target Profit Measured in Sales Dollars (Multiple Products). Warm Cothing, Inc., produces two different products with the following monthly data (these data are the same as the previous exercise). Sweater Jacket Total Selling price per unit $100 $400 Variable cost per unit $240 Expected unit sales 21,000 9,000 30,000 Sales mix 70 percent 30 percent 100 percent Fixed costs $1,800,000 Assume the sales mix remains the same at all levels of sales. Required: Round your answers to the nearest hundredth of a percent and nearest dollar where appropriate. (An example for percentage calculations is 0.434532 = 0.4345 = 43.45 percent; an example for dollar calculations is $378.9787 = $379.) a. Using the information provided, prepare a contribution margin income statement for the month similar to the one in Figure 6.5. b. Calculate the weighted average contribution margin ratio. c. Find the break-even point in sales dollars. d. What amount of sales dollars is required to earn a monthly profit of $780,000? e. Assume the contribution margin income statement prepared in requirement a is the company's base case. What is the margin of safety in sales dollars? Break-Even Point and Target Profit Measured in Sales Dollars (Multiple Products) a. Contribution margin income statement: Sweater Jacket Total Sales $2,100,000 $3,600,000 $5,700,000 Variable costs Contribution margin Fixed costs Operating profit Correct Incorrect Incorrect Incorrect Incorrect b. Weighted average contribution margin ratio 11 Total contribution margin (from part a) Total sales (from part a) 11 1800000/90 $20,000 11 47.37% Correct The break-even point in sales dollars is: Incorrect d. The target profit point in sales dollars is: Incorrect e. The margin of safety in sales dollars is: Incorrect