Honest Company makes and sells a single product. The products selling price is $100 per unit. Its unit variable expense is $75. The total fixed expenses are $50,000. Currently, the company is selling 3,000 units of the product.

9. Given the information above, make the contribution format income statement

Compute:

Unit contribution margin

Contribution margin ratio

Break-even point in sales dollars

Sales units required to earn a profit of $300,000.