Head-First Company plans to sell 4,700 bicycle helmets at $80 each in the coming year. Variable cost is 61% of the sales price; contribution margin is 39% of the sales price. Total fixed cost equals $48,700 (includes fixed factory overhead and fixed selling and administrative expense).

	Required:
1.	Calculate the sales revenue that Head-First must make to earn operating income of $91,700 by using the point in sales equation.
2.	Check your answer by preparing a contribution margin income statement based on the sales dollars calculated in Requirement 1.

Contribution Margin Income Statement Rerer to the 1st Of Amount Descriptions for the exact woraing or text Items within your income statement. Head-First Company Contribution Margin Income Statement Based on Sales Dollars 1 2 3 4 5