Instructions Amount Descriptions Sales Revenue Contribution Margin Income Statement Instructions Head-First Company plans to sell 5,800 bicycle helmets at 567 each in the coming year. Variable cost is 54% of the sales price, contribution margin is 40% of the sales price. Total foxed cost equals $56,235 (includes foed factory overhead and fixed selling and administrative expense) Required: 1. Calculate the sales revenue that Head-First must make to break even by using the break-even point in sales equation 2. Check your answer by preparing a contribution margin income statement based on the break-even point in sales dollars. Previous Next > Check My Work more Check My Work uses remaining O e 9 AD.40 2:19 PM 10/17/20 Contribution Margin Income Statement Score: 33/48 Head-First Company Contribution Margin Income Statement At Break-Even Point Sales $122.329.27 2 Total variable cost 66,057.81 Total contribution margin $(56,235.00) 56.235.00 Total fixed cost Operating income $0.00 Check My Work 1 more Check My Work uses remaining