JHJ PUBLISHING production cost info is as follows: Raw materials paper (variable) 1 reams @ $10 each Raw material ink (variable) 2 cartridges $20 each Direct labor (variable) 1/2 hours @ $10 each Manufacturing overhead (fixed) $100,000 Administrative expenses (fixed) $40,000 Unit selling price 2 times unit variable cost Determine required production levels: I 1. Quantity required to lose $100,000 2. Quantity required to break even 3. Quantity required to earn $1,000,000 4. Net income if only one book is sold 5. Complete table below: INCOME/EXPENSES SALE OF TARGET ONE BOOK LOSS OF $100,00 BREAK EVEN BREAK EVEN AFTER HIRING ACCOUNTANT TARGET INCOME OF $1,000,000 SALES LESS VARIABLE COSTS: TOTAL VARIABLE COSTS CONTRIBUTION MARGIN LESS FIXED COSTS NET INCOME