BIDA Corporation's sales slumped badly in 2021. For the first time in its history, it operated...

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BIDA Corporation's sales slumped badly in 2021. For the first time in its history, it operated a loss. The company's income statement showed the following results: Net sales were $1.8 million on 60,000 units, cost of goods sold was $1,350,000 ($930,000 variable and $420,000 fixed), selling expenses were $480,000 ($125,000 variable and $355,000 fixed), and administrative expenses were $180,000 ($115,000 variable and $65,000 fixed). 1 Top Managers have asked you to do a CVP analysis so that they can make plans. 2 3 Instructions: a) Prepare a CVP Income Statement to show the loss for the year 2021. Calculate (1) per unit contribution margin (2) contribution margin 4 ratio (3) break-even point in units and (4) break-even point in sales dollars. b) If the company has a tarnet operation ins BIDA Corporation's sales slumped badly in 2021. For the first time in its history, it operated a loss. The company's income statement showed the following results: Net sales were $1.8 million on 60,000 units, cost of goods sold was $1,350,000 ($930,000 variable and $420,000 fixed), selling expenses were $480,000 ($125,000 variable and $355,000 fixed), and administrative expenses were $180,000 ($115,000 variable and $65,000 fixed). 1 Top Managers have asked you to do a CVP analysis so that they can make plans. 2 3 Instructions: a) Prepare a CVP Income Statement to show the loss for the year 2021. Calculate (1) per unit contribution margin (2) contribution margin 4 ratio (3) break-even point in units and (4) break-even point in sales dollars. b) If the company has a tarnet operation ins