Comfy Chairs Ltd makes seats for use in commercial airplanes. During March 2022, the following costs were incurred:

	Amount	Percentage Fixed	Percentage Variable
Direct Material	$10,000		100%
Direct Labour	$7,500		100%
Variable Manufacturing Overhead	$4,000		100%
Fixed Manufacturing Overhead	$8,200	100%
Selling Costs	$1,000	20%	80%
Administrative Costs	$1,500	10%	90%

Sales for March 2022 totaled $55,000 (1,100 seats) and there were no beginning and ending inventories.

Required:

ALL CALCULATIONS MUST BE SHOWN

1) Prepare a contribution income statement for the month ended March 31, 2022. Calculate total cost, per unit and percentage.

2) Determine the sales in dollars and units required to break even.

3) Determine the sales in dollars and units required to make a $34,200 profit per year.