Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.70 each. Its variable cost is $14.20 per house, and its fixed costs total $14,371,50 per year. Hawk currently has the capacity to produce up to 2,800 birdhouses per year, so its relevant range is 0 to 2,800 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,180 birdhouses this year. 2 Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue 5. Suppose Hawk wants to earn $25,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a contribution margin income statement for Hawk assuming it sells 1,180 birdhouses this year. (Enter your answers rounded to 2 decimal places.) HAWK HOMES, INC. Contribution Margin Income Statement Contribution Margin Income from Operations Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.70 each. Its variable cost is $1420 per house, and its foed costs total $14,371.50 per year. Hawk currently has the capacity to produce up to 2.800 birdhouses per year, so its relevant range is to 2,800 houses. Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,180 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio 4. Calculate Hawk's break-even point in number of units and in sales revenue 5. Suppose Hawk wants to earn $25,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Required 4 Required 3 Required 5 Without any calculations, determine Hawk's total contribution margin if the company breaks even (Enter your answer rounded to 2 decimal places.) Total Contribution Margin Hawk Homes, Inc, makes one type of birdhouse that it sells for $30 70 each. Its variable cost is $14 20 per house, and its foed costs total $14,37150 per year. Hawk currently has the capacity to produce up to 2.800 birdhouses per year, so its relevant range is Oto 2,800 houses Required: 1. Prepare a contribution margin income statement for Hawk, assumingit sells 1180 birdhouses this year 2. Without any calculations, determine Hawk's total contribution margin of the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $25,000 this year. Determine how many birdhouses it must sell to generate this amount of profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Hawk's contribution margin per unit and its contribution margin ratio. (Round your answers to 2 decimal places. (.. .1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio Hawk Homes, Inc., makes one type of birdhouse that it sells for $3070 each. Its variable cost is $14.20 per house, and its fixed cost total $14,37150 per year. Hawk currently has the capacity to produce up to 2,800 birdhouses per year, so its relevant range is 0 to 2.800 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1180 birdhouses this year 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $25,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Hawk's break-even point in number of units and in sales revenue. (Round your "Sales Revenue" answer to 2 decimal places and "Unit" answer to the nearest whole number) Units Break-Even Units Break-Even Sales Revenue Hawk Homes, Inc, makes one type of birdhouse that it sells for $30.70 each. Its variable cost is $14.20 per house, and its fed costs total $14,371 50 per year Hawk currently has the capacity to produce up to 2800 birdhouses per year, so its relevant range is to 2.800 houses Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,180 birdhouses this year 2. Without any calculations, determine Hawk's total contribution margin of the company breaks even 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $25,000 this year. Determine how many birdhouses it must sell to generate this amount of profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Suppose Hawk wants to earn $25,000 this year. Determine how many birdhouses it must sell to generate this amount of profit. (Round your answer to the nearest whole number.) Target Unit Sales lus
