Please solve for the final question!

Crane Corporation has collected the following information after its first year of sales. Sales were $1,560,000 on 104,000 units: selling expenses $260,000 (40\% variable and 60% fixed); direct materials $531,440; direct labor $301,600; administrative expenses $280,800(20% variable and 80% fixed); and manufacturing overhead $364,000(70% variable and 30% fixed), Top management has asked you to do a CVP analysis so that it can make plans for the comingyear, It has projected that unit sales will increase by 108 , next year. (3) Your answer is correct Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year: (Assume that foxed costs will remain the same in the projected year.) (1) Contribution margin for current year Contributionmargin for projected year \$ $ Compute (1) the contribution margin for the current year and the projected year, and (2) the fined costs for the current year. (Assume that fieed costs will remain the same in the projected year) (1) Contribution margin for current year Cantribution margin for projected year (2) Fixed costs for current year Comeute the break-even point in sales units and sales dollars for the first vear, fRound contributien margin ratio to 1 decimal ploce eg. 0.5 and find enswers to 0 decimal places, es 2,510J Break-even point units Break-even point The compary ham a tariet het income of 3200.000 . What is the required sule in doliars for the company to nuet its tareet? Sales dotlars required for target net income If the coengany meets its target net income number, by what percentage could its sales tall before it is operating at a loss? That is. what is its margin of safety ratio? (Round anqwer to 2 decimal ploces es. 10.5\%) Margin of safetyratio \%s The company is considering a purchase of equipment that would reduce its direct labor costs by $108.160 and would change its manufacturing owerhead costs to 30% variable and 700 fixed (assume total manufacturing overhead cost is $364,000, as above) It is also considering switching to a pure commission basis for its sales staff. This would change selling expenses to 900 variable and 100 fixed lassurne total selling expense is 5260,000 , as abovel. Compute (1) the contribution margin and (2) the contribution margin ratio, and recompute (3) the break-even point in sales dollars. (Round contribution marsin rotio to 2 decimal alaces, es, 0.55 and all other answers to 0 decimal ploces, es.2,520. Use the current year numbers for celculations) 1. Contribution margin 2. Contribution margin ratio 3. Ureak-even point