Joan is planning to make fancy flower arrangements for the next wedding sales. To make the arrangements, she must invest $926 in some special pans. To get started, she needs to spend $1216 to advertise in the newspaper. She estimates that supplies and materials for each arrangement will be $68. She is planning to set the price for each arrangement at $374.

Perform a break-even analysis showing computations of the

a) contribution margin;

b) contribution rate;

c) break-even point in units;

d) break-even point is sales dollars.