Wilson Company manufactures and markets a number of products. Management is considering the future of Product XT, a product used for hang gliding that has not been as profitable as planned. Because Product XT is manufactured and marketed independently of the other products, its total costs can be precisely measured. Next year's plans call for a \\( \\$ 400 \\) selling price per unit. Its fixed costs for the year are expected to be \\( \\$ 540,000 \\). Variable costs are \\( \\$ 280 \\) per unit. Required: 1. Estimate Product XT's break-even point in terms of (a) sales units and (b) sales dollars. 2. Prepare a contribution margin income statement for Product XT at the break-even point. Wilson Company manufactures and markets a number of products. Management is considering the future of Product XT, a product used for hang gliding that has not been as profitable as planned. Because Product XT is manufactured and marketed independently of the other products, its total costs can be precisely measured. Next year's plans call for a \\( \\$ 400 \\) selling price per unit. Its fixed costs for the year are expected to be \\( \\$ 540,000 \\). Variable costs are \\( \\$ 280 \\) per unit. Required: 1. Estimate Product XT's break-even point in terms of (a) sales units and (b) sales dollars. 2. Prepare a contribution margin income statement for Product XT at the break-even point