IU Part2 of2 3.8 points eBook Required information (T he following information applies to the questions displayed below. ] Xcite Equipment Co. manufactures and markets a number of rope products. Management ls considering the future of Product XT, a special rope for hang gliding, that has not been as protable as planned. Since Product XT is manufactured and marketed independently of the other products, its total costs can be precisely measured. Next year's plans call for a $340 selling price per 100 yards of XT rope. Its xed costs for the year are expected to be $421,600, up to a maximum capacity of 550.000 yards of rope. Forecasted variable costs are $204 per 100 yards of XT rope. o 3. Prepare a contribution margin income statement showing sales, varlable costs, and xed costs for- Product XT at the break-even point