Kevin Hall is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked him to prepare a business plan that includes a breakeven analysis. The lounge chairs will sell for $56 each and variable costs per unit are expected to be $31. Kevin anticipates incurring $606,000 in fixed costs per year. (a) Your answer is correct. What is the expected contribution margin per lounge chair? (b) Contribution margin $ eTextbook and Media 25 per chair Your answer is correct. Based on his projections, how many lounge chairs must Kevin sell to break even? 24240 chairs eTextbook and Media (c) if Kevin wants to generate annual operating income of $60,500, how many lounge chairs must he sell? eTextbook and Media Save for Later chairs Attempts: 1 of 3 used Attempts: 1 of 3 used Attempts: 0 of 3 used Submit