Assume that you are part of the accounting team for Logan Industries. The company currently expects to sell 618 units for total revenue of $21,000 each month. Logan Industries estimates direct materials costs of $3,150, direct labor costs of $4,200, variable overhead costs of $2,100, and variable selling and administrative costs of $1,050. Fixed costs of $8,500 are also expected, which includes fixed overhead and selling and administrative costs. Using this information, complete the contribution margin income statement shown below. Logan Industries Contribution Margin Income Statement Sales Less: Variable costs. Contribution margin Less: Fixed costs Operating income Feedback 21,000 10,500 10,500 8,500 2,000 Check My Work Review the formula and structure of this statement from the first two steps above, and apply these values. Recall that direct labor and direct materials are included with variable costs. Logan Industries is examining cost behavior patterns. Your recommendation is to first determine the break-even point in units. First, calculate the contribution margin (CM) per unit (rounded to the nearest dollar). Next, complete the formula below to determine the break-even units. Total Fixed Costs / Contribution Margin per Unit = Units Feedback 8,500 / $ 17 500 units Check My Work Use the information from the prior step to calculate these values. The contribution margin per unit is simply the contribution margin from the statement above divided by the number of units sold. 17