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Brief Exercise 7-31 Break-Even Sales Dollars for a Multiple-Product Firm Chillmax Company now sells both pairs of shoes and carryalls. Next year, Chillmax expects to

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Brief Exercise 7-31 Break-Even Sales Dollars for a Multiple-Product Firm Chillmax Company now sells both pairs of shoes and carryalls. Next year, Chillmax expects to produce total revenue of $210,000 and incur total variable cost of $81,375. Total fixed cost is expected to be $91,500. Required: 1. Calculate the break-even point in sales dollars for Chillmax. (Note: Round the contribution margin ratio to four decimal places and sales to the nearest dollar) 2. Check your answer by preparing a contribution margin income statement

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