The management of Lambda Corporation has received the following forecast for the next year. Sales revenue $600,000 Fixed costs $275,000 Variable costs 270,000 Total costs 545,000 Net income $ 55,000 Capacity is a sales volume of $800,000.

a. Compute

i. the contribution margin; (2 marks)

ii. the contribution rate. (2 marks)

b. Compute the break-even point

i. in dollars; (1 mark)

ii. as a percent of capacity. (2 marks)

PLEASE ANSWER ONLY USING BA 11 PLUS CALCULATOR AND SHOW FUNCTIONS THANK YOU