Histo Home Run Practice Problem: The SHIM's Fancy Belt Co. sells 3 different belts: Gold, Silver and Leather. Dan Shim foresees sales of 200,000 units in the coming period consisting of 20,000 units of Gold, 100,000 units of Silver and 80,000 units of Leather. The company common fixed costs for the period are $2,550,000 which can't be separated to any belt. The followings are additional Information: Total Unit Gold 20,000 Total Unit $ 150 120 Silver 100,000 Total Unit $ 65 45 Leather 80,000 Total Unit $ 50 $40 Total 200,000 Total % 100% 2,550,000 Sales Variable costs Contribution margin Fixed costs Income before Taxes Income taxes (40%) Income after ta xos . . Required: 1) What is the sales mix and unit contribution margin for each product? 2) Prepare current contribution margin income statement and how much are Shim's current total contribution margin and income before taxes? . 3) What are Shim's breakeven in units and in Sales dollars? 4) If Shim wants to make $7,650,000 income before taxes, how many units of each product must be sold and how much sales dollars should be generated for each product? 5) If Shim wants to make $15,000,000 income after taxes when tax rate is 25%, how many units of each product must be sold and how much sales dollars should be generated for each product