the completed question is in the file.

Part I

Assume your client presented you with the following facts:

Assume you prepared the following report for her:

In your own words explain each line of the report for her. Associate each of your explanations to a learning objective in the text. Use transitional phrases. when practical. Use the IRACformat to answer each question 2, 3 & 4.

1. Sales
2. Variable Costs
3. Contribution Margin
4. Fixed Costs
5. Income from Operation

Part II

She thanks you, but now wants help with the following:

1. Contribution marginincome statement assuming a target profit of $400,000.
2. How many units will she have to sell to achieve the target profit of $400,000?

Assume your client presented you with the following facts: Assume you prepared the following report for her: In your own words explain each line of the report for her. Associate each of your explanations to a learning objective in the text. Use transitional phrases. when practical. Use the IRAC format to answer each question 2, 3 & 4. 1. Sales 2. Variable Costs 3. Contribution Margin 4. Fixed Costs 5. Income from Operation Part II She thanks you, but now wants help with the following: 1. Contribution margin income statement assuming a target profit of $400,000. 2. How many units will she have to sell to achieve the target profit of $400,000