Transcribed image text: Kevin Hall is a young entrepreneur preparing to start a company that will sell floating lounge chairs for use in private pools. As part of a loan package, the bank has asked him to prepare a business plan that includes a breakeven analysis. The lounge chairs will sell for $56 each and variable costs per unit are expected to be $31. Kevin anticipates incurring $606,000 in fixed costs per year. ) (a) Your answer is correct. What is the expected contribution margin per lounge chair? Contribution margin $ 25 per chair e Textbook and Media Attempts: 1 of 3 used ) (b) Based on his projections, how many lounge chairs must Kevin sell to break even? chairs e Textbook and Media Save for Later Attempts: 0 of 3 used Submit