Metals Manufacturing makes aluminum serving carts for use in commercial airplanes. During January 2022, the following costs were incurred:

	Amount	Percentage Fixed	Percentage Variable
Direct Material	$20,000		100%
Direct Labour	$15,000		100%
Variable Manufacturing Overhead	$8,000		100%
Fixed Manufacturing Overhead	$16,400	100%
Selling Costs	$2,000	20%	80%
Administrative Costs	$3,000	10%	90%

Sales for January 2022 totaled $110,000 (2,200 carts) and there were no beginning and ending inventories.

Required:

ALL CALCULATIONS MUST BE SHOWN

1) Prepare a contribution income statement for the month ended January 31, 2022. Calculate total cost, per unit and percentage.

2) Determine the sales in dollars and units required to break even.

3) Determine the sales in dollars and units required to make a $68,400 profit.