Input values Company name Crouch Corp. Product name XYZ Units sold 1,500 Price per unit $220 Fixed costs $225,000 Maximum capacity (in units) 4,500 Variable costs per unit $95Problem 1 Solve the given problem based on the following information. Crouch Corp. manufactures and markets various mountaineering products. Crouch Corp.'s managers are looking at the future of Product XYZ, which has not been as profitable as anticipated. Next year, the company plans to sell 1,500 units of Product XYZ at a price of $220 each. The fixed costs are projected to be $225,000, for up to a maximum capacity of 4,500 units of Product XYZ for the year. Variable costs are projected to be $95 per unit. Calculate Product XYZ's break-even point in: Sales units Sales dollars Round the contribution margin ratio and the break-even point to two decimal places. (a) Break-even point in sales units = Fixed costs / Contribution margin per unit (Contribution margin per unit = Selling price per unit - Variable cost per unit) (b) Break-even point in sales dollars = Fixed costs / Contribution margin ratio (Contribution margin ratio = Contribution margin per unit / Selling price per unit)Solve the given problem based on the following information. Crouch Corp. manufactures and markets various mountaineering products. Crouch Corp.'s managers are looking at the future of Product XYZ, which has not been as profitable as anticipated. Next year, the company plans to sell 1,500 units of Product XYZ at a price of $220 each. The fixed costs are projected to be $225,000, for up to a maximum capacity of 4,500 units of Product XYZ for the year. Variable costs are projected to be $55 per unit. Create a contribution margin income statement at the break-even point, including: Sales Variable costs Fixed costs Round the numbers to the nearest whole number. Crouch Corp. Contribution Margin Income Statement (at break-even point) for Product XYZ Sales Less: Variable cost Contribution margin Less: Fixed costs (given) Net incomeInput values Company name Crouch Corp. Product name XYZ Units sold 1,500 Price per unit $220 Fixed costs $225,000 Maximum capacity (in units) 4,500 Variable costs per unit $55