Chapter 19-Practice Problem #2 Tip-Top Company manufactures and markets several products Management is considering the future of one product electronic keyboards, which has not been as profitable as planned. Since this product is manufactured and marketed independently of the other product, is total costs can be precisely measured, Next year's plans cal for a $175 selling price per unit. The fixed costs for the year we expected to be S420.000 up to a maximum capacity of 40,000 units Forecasted variable costs are 5105 punt Directions 1. Calculate the keyboards' breakeven point in both unde & co (show calculations 2. Prepare a contribution margin income statement for the product at the breakeven point show calculations) Top Top Company is interested in determining the number of units it must sellin order to cam a target income of $2,000,000 Determine the number of units needed to earn the target Income. Also determine the sales dollars required to am the target income 4. Prepare a contebution margin income statement for the sales required to a target income of $2.000,000 (show oil calculations- units & dollars)