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The CVP income statement for Cullumber Machine Company for 2021 appears below. CULLUMBER MACHINE COMPANY Income Statement For the Year Ended December 31, 2021

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The CVP income statement for Cullumber Machine Company for 2021 appears below. CULLUMBER MACHINE COMPANY Income Statement For the Year Ended December 31, 2021 Sales (44,000 units) $1,144,000 Variable expenses 789,360 Contribution margin 354,640 Fixed expenses 420,050 Net income (loss) ($65,410) Answer the following independent questions. (a)

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