HW Score: 3.02%, 1.51 of 50 points Homework: Homework 3 Question 1, P7-72B (sim... E Save Part 2 of 10 Points: 1.51 of 10 The contribution margin income statement of Awesome Coffee for March follows: (Click the icon to view the contribution margin income statement.) Awesome Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sells for $5.00, with a variable expense of $2.50. Read the requirements. Requirement 1. Determine the coffee shop's monthly breakeven point in the numbers of small coffees and large coffees. Prove your answer by preparing a summary contribution margin income statement the breakeven level of sales. Show only two categories of expenses: variable and fixed. Begin by identifying the formula to compute the total breakeven point in units. (Abbreviations used: avg. = Average; CM = Contribution margin.) Fixed expenses Operating income )/ Weighed-avg. CM per unit = Breakeven sales in units Now calculate the weighted-average contribution margin per unit. (Round the weighted-average contribution margin per unit to the nearest cent.) Small Large Total Sales price per unit X $ 3.00 $ 5.00 - Data table Less: Variable expense per unit (1.50) (2.50) Contribution margin per unit $ 1.50 $ 2.50 Sales mix in units 2 Awesome Coffee 3 5 Contribution Margin Income Statement Contribution margin $ 2.50 4.50 Month Ended March 31 Weighted-average contribution margin per unit 9.50 Sales revenue $ 144,000 Less variable expenses: Cost of goods sold $ 56,000