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Consider the following data for the year ended December 31, 2021 for Donald's Office Supplies Per Unit Sales Price $625 Less: Variable Costs $375 Contribution
Consider the following data for the year ended December 31, 2021 for Donald's Office Supplies Per Unit Sales Price $625 Less: Variable Costs $375 Contribution Margin $250 Fixed Costs $87,500 Currently sales are at 500 units ALL CALCULATIONS MUST BE SHOWN Required: 1. Prepare a Contribution Format Income Statement for the year ended December 31, 2021 Include the Total, Per Unit and Percentage totals in the income statement. 2. Determine the sales in dollars and sales in units required to break even. 3. Determine the sales in dollars and sales in units required to make a $200,000 profit per year Paragraph
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