A: Sha Industries developed the following information for the product it sells: Variable selling expense Sales price 20% of sales price $60 per unit $20 per unit $750,000 Variable cost of goods sold Fixed cost of goods sold Variable administrative expense Fixed selling expense Fixed administrative expense $4.00 per unit $400,000 $250,000 For the year ended December 31, 2018, Sha produced and sold 100,000 units of product. Required: (support your answers with an explanation) (a) Prepare a CVP income statement using the contribution margin format for Sha Industries for 2018. (b) What was the company's break-even point in (1) units and (2) dollars in 2018. (c) What was the company's margin of safety in (1) dollars and (2) margin of safety ratio in 2018? (d) Determine the sales dollars required to earn net income of $1,500,000. (e) Prepare a cost-volume-profit graph for the company. (f) What is the main objectives of CVP analysis and is based on wholly cost, Do you concur? Clarify