Product C Selling price per unit Variable expense per unit Fixed expenses Targeted net income $81 $5 $257,000 $90,000 Contribution Margin per unit Selling Price per unit Variable expense per unit Contribution Margin per unit $8 $5 $3 Contribution Ratio Break-Even Unit Sales Targeted net income Unit Sales Contribution Margin Income Statement Break-Even Target Units Sales Variable expenses Contribution Margin Fixed expenses Net operating income Instructions I. Using the picture to the right as an example create a report for Product B 1 Compute the contribution margin. 2 Compute the contribution ratio. 3 Compute break even in units. 4 Compute break even in sales. 5 Compute targeted net income sales. 6 Compute a targeted net income in units. 7 Prepare a prepare contribution margin Income statement for break-even. 8 Prepare a prepare contribution margin Income statement for targeted net income. II. Copy your worksheet 1 Copy Product B worksheet to a new sheet 2 Rename the new sheet 3 Change the assumptions to Product C information