Walton Company makes and sells products with variable costs of $24 each. Walton incurs annual fixed costs of $529,200. The current sales price is $87. Note: The requirements of this question are interdependent. For example, the $252,000 desired profit introduced in Requirement c also applies to subsequent requirements. Likewise, the $80 sales price introduced in Requirement d applies to the subsequent requirements. Required a. Determine the contribution margin per unit. Contribution margin per unit b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req B1 Determine the break-even point in units and in dollars. (Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Req B2 Break-even point in units Break-even point in dollars < Req B1 Req B2 > b. Determine the break-even point in units and in dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req B1 Prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) Net income (loss) Req B2 WALTON COMPANY Income Statement c. Suppose that Walton desires to earn a $252,000 profit. Determine the sales volume in units and dollars required to earn the desired profit. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req C1 Suppose that Walton desires to earn a $252,000 profit. Determine the sales volume in units and dollars required to earn the desired profit. (Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Req C2 Sales volume in units Sales volume in dollars < Req C1 Req C2 > profit. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req C1 Req C2 Suppose that Walton desires to earn a $252,000 profit. Prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) WALTON COMPANY Income Statement d. If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req D1 If the sales price drops to $80 per unit, what level of sales is required to earn the desired profit? Express your answer in units and dollars. (Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Req D2 Sales volume in units Sales volume in dollars < Req D1 Req D2 > dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req D1 Req D2 If the sales price drops to $80 per unit, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) WALTON COMPANY Income Statement e. If fixed costs drop to $327,600, what level of sales is required to earn the desired profit? Express your answer in units and dollars. Prepare an income statement using the contribution margin format. Complete this question by entering your answers in the tabs below. Req E1 If fixed costs drop to $327,600, what level of sales is required to earn the desired profit? Express your answer in units and dollars. (Do not round intermediate calculations. Round your final answers to the nearest dollar and round units up to the next whole unit.) Req E2 Sales volume in units Sales volume in dollars < Req E1 Req E2 > Complete this question by entering your answers in the tabs below. Req E1 Req E2 If fixed costs drop to $327,600, prepare an income statement using the contribution margin format. (Do not round intermediate calculations. Round your final answers to nearest whole number.) WALTON COMPANY Income Statement