P7-66A (similar to) Question Help The contribution margin income statement of Bountiful Bean Coffee for July follows EB(Click the icon to view the contribution margin income statement) Bountiful Bean Coffee sells three small coffees for every large coffee. A small coffee sells for $3.00, with a variable expense of $1.50. A large coffee sels for $5.00, with a variable expense of $2.50 Read the requirements Requirement 1. Determine the coffee shop's monthly breakeven point in the numbers of small coffees and large coffees. Prove your answer by preparing a summary contribution margin income statement at the breakeven level of sales. Show only two categories of expenses variable and fixed Begin by identifying the formula to compute the total breakeven point in units. (Abbreviations used: avg. Average: CM Contribution margin.) Fixed expenses Operating income ) Weighed-avg CM per unit Breakeven sales in units Now calculate the weighted-average contribution margin per unit. (Round the weighted-average contribution margin per unit to the nearest cent) Small Large Total tor Sales price per unit 3.00 5.00 1.50 2.50 Less Variable expense per unit 1.50 2.50 Contribution margin per unit Sales mix in units Contribution margin Weighted-average contribution margin per unit Choose from any list or enter any number in the input fields and then click Check