Break-Even Point in Sales Dollars Instructions Amount Descriptions Sales Revenue Contribution Margin Income Statement Instructions Sales Revenue Contribution Margin Income Statement X Head-First Company plans to sell 4,700 bicycle helmets at $75 each in the coming year. Variable cost is 64% of the sales price; contribution margin is 36% of the sales price. Total fixed cost equals $45,090 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the sales revenue that Head-First must make to break even by using the break-even point in sales equation. 2. Check your answer by preparing a contribution margin income statement based on the break-even point in sales dollars. 1. Calculate the sales revenue that Head-First must make to break even by using the break-even point in sales equation. $ Amount Descriptions Refer to the list below for the exact wording of text items within your income statement. X 2. Check your answer by preparing a contribution margin income statement based on the break-even point in sales dollars. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement. 1 2 3 Head-First Company Contribution Margin Income Statement At Break-Even Point Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost 4 5