Problem 6-2A (Video) Lorge Corporation has collected the following information after its first year of sales. Sales wore $2,100,000 on 105 000 units; seling expenses s 250000 40% variable and 6 fixed); direct materials $1,045,700; direct labor $250,000; administrative expenses $270,000 (20% variable and 80% fixed), and manufacturing overhead oo pow variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year it has projected that unt sales mi increase by tose not yet Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.) (1) Contribution margin for current years Contribution margin for projected year (2) Fixed costs for current year Compute the break-even point in units and sales dolars fr the first vear. (Ro und contribution margin ratio to 1 decimal place e.g. 0.s and final answers to o e.g. 2,510.) Break-even point Break-even point units meet its target? The company has a target net income of $160,000, What is the required sales in dollars for the company to Sales dollars required for target net income