Create two income statements using contribution margin utilization and gross profit method: Sales Price per airplane = $10 Sales Salaries for the month = $360 Sales Commissions per airplane = $5 Administrative Salaries for the month = $75 Administrative Overhead for the month = $100

Direct material: $61

Direct labor: $40

General Factory Overhead: $400

Order entry costs: $9

Airplane sold: $55 Calculate the break-even point for the month and explain whether the company met, exceeded, or missed that point.