Ace

Machinery showed the following operating budget for the next year.

Answer the following questions $[50$ points$]$:

a$.$ Calculate the contribution margin and contribution rate. $[10$ points$]$

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b$.$ How much does Ace Machinery need to sell to break even? $[10$ points$]$

c$.$ If the company has to spend $$250,000$ on marketing, how much does Ace

Machinery need to sell to break even? $[10$ points$]$

d$.$ If sales increase by $15\%,$ what would the resulting net income be$?($Fixed

Cost is $1,200,000)[10$ points$]$

e$.$ Complete the Python file accompanying this assignment to calculate and

display this question's $($a$)$ to $($d$)$ parts. $[10$ points$]$

Copy and paste your Python code here:

Copy and paste a screenshot of your Python code output here: