The following information pertains to the XYZ Corporation Total Units for information given 7000 Fixed Cost per Unit $100 Selling Price per Unit $450 Variable Costs per Unit $150 Target Operating Income $300,000 How many units need to be sold in order to reach the target profit? Present your calculations using the contribution margin income statement What is the contribution margin income statement? In what ways does it differ from the traditional income statement? A corporation gathered the following information for the year just ended: Fixed costs: $115,000 Manufacturing Marketing 40,000 Administrative 18,000 Variable costs: $50,000 Manufacturing Marketing Administrative 5800 35,000 During the year, this company produced and sold 30,000 units of product at a selling price of $10.23 per unit. There was no beginning inventory of product at the start of the year. What is the contribution margin for the year? Present your calculations