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Required information [The following information applies to the guestions displayed below]. Praveen Company manulactures and markets a number of rope producti. Management is considering the future of Product XT. a special rope for hang gliding that has not been as profitable as planned Becouse Product XT it manutactured ard marketed independently of the other products, its totad costs can be precisely measiared Next year a plans calt for a $210 seilind price ner unit its fixed costs for the year are expected to be $193200 Variable costs for the year are expected to be $168 per unit 2. Prepore a contrbution margin income sateatent for Product x t at the break even point. Required information [The following information applies to the questions displayed below.] Praveen Company manufactures and markets a number of rope products. Management is considering the future of Product XT, a special rope for hang gliding that has not been as profitable as planned. Because Product XT is manufactured and marketed independently of the other products, its total costs can be precisely measured. Next year's plans call for a $210 selling price per unit. its fixed costs for the year are expected to be 5193,200 Variable costs for the yeat are expected to be $168 per unit. 2. Prepare a contribution margin income statement for Product XT at the break-even point. manufactured and marketed independently of the other products, its total costs can be plans call for a $210 selling price per unit. Its fixed costs for the year are expected to be year are expected to be $168 per unit. 2. Prepare a contribution margin income statement for Product XT at the break-even point