just part 2

Turtleton Company Part 1 Turtleton Company produces computer chips for animated toys. Selected sales and expense information for the most recent month, with sales of 12,000 units, is given below. Variable selling & administrative expenses are $6 per unit. Total Sales $2,100,000 Direct Materials 310,000 Gross Profit 850,000 Direct Labor 840,000 Variable Manufacturing Overhead 70,000 Fixed Manufacturing Overhead 30,000 Net Income 320,000 Fixed Selling & Administrative Expenses 470,000 Instructions: Using all of the information provided, Prepare a Traditional Income Statement AND Prepare a CVP Income Statement. Break-out each cost as a separate line item and include subtotals. You may not use all lines. Include Unit Costs where appropriate. Hint: Net income should be the same on both statements. Format BIE Turtleton Company Part II Using the information provided about Turtleton Company and your answers from Part I, answer the following questions. Label and Show your work: Paragraph BIELE 22 PM 1) What are total manufacturing costs for this month? 2) What is the contribution margin per chip? 3) What is the company's contribution margin ratio? 4) How many computer chips does the company need to sell to break-even