Freddie Corporation produces a molded plastic casing, M&M101, for many cell phones currently on the market. Summary data from its 2020 income statement follows. Brandie Holcomb, Freddie's president, is very concerned about Freddie Corporation's poor profitability (Click the icon to view the summary data.) (Click the icon to view the additional information.) Read the requirements. CHED Requirement 1. Calculate Freddie Corporation's breakeven revenues for 2020. Begin by determining the formula to calculate Freddie Corporation's 2020 contribution margin percentage Contribution margin Contribution margin 1 Freddie Corporation's 2020 contribution margin percentage is Now determine the formula to calculate Freddie Corporation's breakeven revenues for 2020. Freddie Corporation's breakeven revenues amount for 2020 is Breakeven revenues