Check my work 10 ! Part 2 of 2 0.8 points Required Information Problem 21-2A CVP analysis and charting LO P2, P3 (The following Information applies to the questions displayed below.) Xcite Equipment Co. manufactures and markets a number of rope products, Management is considering the future of Product XT, a special rope for hang gliding, that has not been as profitable as planned. Since Product XT is manufactured and marketed independently of the other products, Its total costs can be precisely measured. Next year's plans call for a $260 selling price per 100 yards of XT rope. Its fixed costs for the year are expected to be $304.200, up to a maximum capacity of 550,000 yards of rope. Forecasted variable costs are $182 per 100 yards of XT rope, eBook Print Problem 21-2A Part 2 3. Prepare a contribution margin income statement showing sales, variable costs, and fixed costs for Product XT at the break-even point. XCITE EQUIPMENT CO. Contribution Margin Income Statement (at Break-Even) - Product XT Units S per unit Total Sales Less: Variable cost Contribution margin Fixed costs Net Income Less $ 0 Mc Graw Hill