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Q2. Mello-Tote Company manufactures nylon arm-band carriers for use with popular portable MP3 devices. Variable costs are $18 per arm-band carrier, the price is $28,

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Q2. Mello-Tote Company manufactures nylon arm-band carriers for use with popular portable MP3 devices. Variable costs are $18 per arm-band carrier, the price is $28, and fixed costs are $43,000. Required: 1. What is the contribution margin for one arm-band carrier? 2. How many arm-band carriers must Mello-Tote Company sell to break even? 3. If Mello-Tote Company sells 6,000 arm-band carriers, what is the operating income

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