Required information The following information applies to the questions disployod below) Praveen Company manufactures and markets a number of rope products. Management is considering the future of Product XT, a special rope for hang gliding that has not been as profitabie as planned. Bocause Product XT is manufactured and marketed independently of the other products, its total costs can be precisely moasured. Next year's plans call for a $200 seling price per unit, its flxed costs for the year are expected to be $270,000. Variable costs for the year are expected to be $140 per unit. 2. Prepare a contribution margin income statement for Product XT at the breok-even point. Required information The following information applies to the questians displayed botow] Praveen Company manufactures and markets a number of rope products. Management is considering the future of Product XT, a special rope for hang gliding that has not been as profitable as planned. Becouso Product XT is manufactured and marketed independently of the other products, its total costs can be precisely measured. Next yoar's plans call for a $200 selling price per unit. its fored costs for the year are expected to be $270,000. Voriable costs for the year are expected to be $140 per unit. 1. Estimate Product XT's break-even point in terms of sales units and sales dotlars