Wildhorse Corporation has collected the following information after its first year of sales. Sales were $1,600,000 on 100,000 units, selling expenses $240,000 (40% variable and 60% fixed direct materials $514,000, direct labor S270 400, administrative expenses S282,000 20 var able an 80% ned and act ring overhead $376,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projecte that unit sales will increase by 10% next year. Your answer is correct. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.) (1) Contribution margin for current year Contribution margin for projected year 440000 (2) Fixed Costs 482400 Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor. Attempts: 1 of 15 used Compute the break-even point in units and sales dollars for the current year. Break-even point in units Break-even point in dollars units