Valex Corp sells fattened steers to butchers. they expect to sell the steers for $1.47 per pound. an average steer weights 1500 pounds. Cost of the calf plus feed an other variable costs total $1.07 per pound. Fixed Costs total $38,600.

how many steers must they sell to break even? (show calculation)

b) using contribution margin income statement, clearly show the proof of your answer.