Tesla CVP Problem: In 2021, Tesla projected sales of 200,000 units in the coming period consisting of 50,000 units of Model X 50,000 units of Models and 100,000 units of Model 3. After careful examination of Statement of Operation, Telsa total fixed costs are expected to be $5,069M which calculated by adding total operating expenses ($4,430M) + Interest expenses ($639M) from the 2018 Statement of Operations. The followings are additional Information obtained by carefully examining Tesla Financial statements and by researching other publicly available information: Total 200,000 Totallin millions) % 100% Model x Models Model 3 Projecte d sales 50,000 50,000 100,000 Total (in Total in Total (in millions) Unit millions) Unit million) Unit Sales $ 120,000 $ 90,000 $ 40,000 Var. exp 72,000 54,000 $ 28,000 Contrib. margin Fixed exp. Net Income $5,069M T TESLA CVP Problem? TROLA . Mr. Musk, President and CEO of Tesla asked SHIM (1) To calculate Sales mix and unit contribution margin for each model. (2) To prepare a projected contribution margin income statement in 2021. (3) To project Telsa's Breakeven points in units and in sales revenue in 2021 In addition Mr. Musk asked (4) To provide how many units and sales revenue must be generated if Tesla want to have expected target profit of 25% of revenue for 2021? Mr. SHIM, a new CFO and a graduate of SHU accounting program, had 'absolutely' NO ideas what to Do with it. Please help Mr. SHIM in preparing contribution margin income statement, in solving breakeven, and in solving target profit