PA$6-3($Algo$)$ Calculating Contribution Margin, Contribution Margin Ratio, Break$-$Even Point, Target Profit $[$LO $6-1,6-2]$

Hawk Homes, Incorporated makes one type of birdhouse that it sells for $$30\mathrm{.}80$ each. Its variable cost is $$13\mathrm{.}80$ per house, and its fixed costs total $$14,807,00$ per year. Hawk currently has the capacity to produce up to $2,300$ birdhouses per year, so its relevant range is $0$ to $2,300$ houses.

Required:

Prepare a contribution margin income statement for Hawk assuming it sells $1,230$ birdhouses this year.

Without any calculations, determine Hawk's total contribution margin if the company breaks even.

Calculate Hawk's contribution margin per unit and its contribution margin ratio.

Calculate Hawk's break$-$even point in number of units and in sales revenue.

Suppose Hawk wants to earn $$21,000$ this year. Determine how many birdhouses it must sell to generate this amount of profit.

Complete this question by entering your answers in the tabs below.

Required $4$

Required $5$

Prepare a contribution margin income statement for Hawk assuming it sells $1,230$ birdhouses this year.

Note: Do not round your intermediate calculations. Enter your answers rounded to $2$ decimal places.

$\backslash$table$[[$HAWK HOMES, INCORPORATED$],[$Contribution Margin Income Statement,$],[,],[,],[,],[$Contribution Margin,$],[,],[,],[$Income from Operations,$]]$