American Steel manufactures a single product that sells for 190 per unit and whose variable costs are 152 per unit. the companies annual fixed costs are 562,400.

a) Prepare a contribution margin income statement at the break even point.

b) if the company's fixed costs increase by 133,000 what amount of sales in dollars is needed to break even?

Question: help me understand the process in how to answer this question breaking down the steps to solve the problem.