Unreal Bikes produce mountain bicycles and sells it at $1,500 per bicycle? This year's fixed cost totals $525,000. The variable cost per bicycle is $1,000.

Required:

 

1) Calculate the contribution margin per unit?
 

2) Calculate the break-even point in bikes?
 

3) How many bikes would the business need to sell in the coming year in order to make $900,000 profit?