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Innovation Arch Company has the following financial information: (Note: K represents thousands, e.g., $100 K = $100, 000 ) Total unit sales volume

Innovation Arch Company has the following financial information:

(Note: "K" represents thousands, e.g., $100K = $100,000)

Total unit sales volume $250K
Price per unit $8
Total revenues $2 Million
Total fixed expense $800K
Total variable expense $750K
Net profit before tax $450K

Given the following, calculate the following for Innovation Arch Company:

(Note: "K" represents thousands, e.g., $100K = $100,000)

1. Total Contribution
2. Contribution Margin
3. Breakeven revenues (in dollars)
4. If Innovation Arch Company reduces its prices by ten percent (10%), what unit sales volume will be needed for them to yield net profit of $200K (before tax)?

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