Baird Company makes and sells products with variable costs of $24 each. Baird incurs annual fixed costs of $340,200. The current sales price is $87.

Note: The requirements of this question are interdependent. For example, the $252,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements.

B. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format.