eBook Show Me How Sales Needed to Earn Target Income Instructions Amount Descriptions Sales Revenue Contribution Margin Income Statement Instructions Sales Needed to Earn Target Income Head-First Company plans to sell 5,000 bicycle helmets at $75 each in the coming year. Variable cost is 60% of the sales price; contribution margin is 40% of the sales price. Total fixed cost equals $49.500 (includes fixed factory overhead and fixed selling and administrative expense). Required: 1. Calculate the sales revenue that Head-First must make to eam operating income of $81,900 by using the point in sales equation 2. Check your answer by preparing a contribution margin income statement based on the sales dollars calculated intequirement 1 Check My Work 0.00 TU Previous Next All work saved. Email Instructor Save and Exit Submit Assignment for Grading