Required information The following information applies to the questions displayed below Praveen Co. manufactures and markets a number of rope products Management is considering the future of Product XT, a special rope for hangg ding, that has not been as profitable as planned. Since Product XTS manufactured and marketed Independently of the other products, its total costs can be precise measured Next year's plans call for a $190 selling price per 100 yards o' XT rope. Its fixed costs for the vear are expected to be $334,400, up to a maximum capacity of 550,000 yards of rope, Forecasted variable costs are $114 per 100 yards of XT rope. 1. Estimate Product XT's break-even point in terms of sales units and sales dollars. (1 unit = 100 yards) (Do not round Intermediate calculations.) Contribution Margin per 100 yds. Contribution margin Contribution Margin ratio Choose Numerator: Contribution Choose Denominator: - Contribution margin ratio 1(a) Estimate Product XT's break-even point in terms of sales units. (1 unit 100 yards) Choose Choose Denominator: = Break-Even Units Numerator: Break-even units 1(b) Estimate Product XT's break-even point in terms of sales dollars. Choose Break-Even 1 Choose Denominator: = Numerator: = Break-even dollars 2. Prepare a contribution margin income statement showing sales, variable costs, and fixed costs for Product XT at the break-even point PRAVEEN CO. Contribution Margin Income Statement (at Break-Even) - Product XT Units Total S per Contribution margin