Amount Descriptions Sales Revenue Instructions Head-First Company plans to sell 4,400 bicycle helmets at $70 each in the coming year Variable cost is 50% of the sales price, contribution margin is 40% of the sales price Total fixed cost equals $50,300 (includes fixed factory overhead and fixed selling and adminstrative expense) Required 1 Calculate the sales revenue that Head-First must make to eam operating income of $70,500 by using the point in sales equation 2. Check your answer by preparing a contribution margin income statement based on the sales dollars calculated in Requirement