6-2 1 reams @ $10 each 2 cartridges $20 each 2 hours @ $10 each H PUBLISHING production cost info is as follows: Raw materials paper (variable) Raw material ink (variable) Direct labor (variable) Manufacturing overhead (fixed) $100,000 Administrative expenses (fixed) $40,000 Unit selling price 3 times unit variable cost Determine required production levels: 1. Quantity required to loose $100,000 3. Quantity required to earn $1,000,000 2. Quantity required to break even 4. Net income if only one book is sold 5. Complete table below: INCOME/EXPENSES SALE OF TARGET BREAK BREAK EVEN TARGET ONE BOOK $100,00 INCOME OF $1,000,000 LOSS OF EVENAFTER HIRING ACCOUNTANT SALES LESS VARIABLE COSTS: TOTAL VARIABLE COSTS CONTRIBUTION MARGIN LESS FIXED COSTS NET INCOME