Prepare a CVP Income Statement for 2018 using the current production and sales volume (300,000 rattles) and the 2018 cost data, assuming no changes to selling price or costs. Child's Play Company CVP Income Statement For the Year Ended December 31, 2018 Total Per Unit Using the above CVP Income Statement, determine the Company's contribution margin ratio for 2018. Round to zero decimal places. Using the 2018 cost data, determine the 2018 break-even point in number of rattles for the company, assuming no changes to selling price or costs. For full credit, please show the elements of your computations. Round to the nearest next whole unit. Using the 2018 cost data, determine the 2018 break-even point in sales dollars of rattles for the company, assuming no changes to selling price or costs. For full credit, please show the elements of your computations. Round to the next dollar. 2018 Cost Data Manufacturing Costs for rattles (based on production volume of 300,000 units): $0.80 per unit $0.50 per unit $0.70 per unit $1.20 per unit $540,000 Direct Materials Direct Labor Packaging Variable Manufacturing Overhead Fixed Manufacturing Overhead Selling and Administrative Costs for rattles (based on sales volume of 300,000 units): $0.80 per unit $0.50 per unit $180,000 Selling and Admin Expenses (fixed) $250,000 Sales Commissions Shipping Costs Advertising and Promotion (fixed) 2019 Marketing Plan: "At the present time, we sell the product to retailers for $8.00 per rattle. Retailers generally charge their customers between $9 and $9.50. If we cut our selling price to retailers to $7.50, I expect that the product will do much better. The retailers' increased markup will give them the incentive to display our product more prominently and to promote it more vigorously to customers. We should support this strategy by supplying more promotional materials to retailers, which I expect would be an increase of $6,000 in Advertising and Promotion costs. Based on the price cut and the increase in advertising and promotion, I expect that we will be able to boost our sales volume by 25 percent to 375,000 units in 2019." Diana received cost data from the company's CFO, Don Beetle. Don expects that the 2018 cost data below are also reliable estimates for 2019 for a production volume up to 500,000 units