WP19: Madison Bu WP19 1.8/3 bestion 2 of 5 W PO w Attempt History rrent Attempt in Progress Lorge Corporation has collected the following information after its first year of sales Sales were $3.000.000 on 120.000 units; selling expenses $250,000 (40% variable and 60% fixed) direct materials 51,755.900; direct labor $250,000: administrative expenses 5270,000 (20% variable and BOX fixed): and manufacturing overhead $343,000 (70% variable and 30% fred). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected 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 $ uoooo (2) Fixed costs for current year $ eTextbook and Media Question Part Score 0.6/0.6 Your answer is correct Compute the break-even point in units and sales dollars for the first year. (Round contribution margin ratio to 1 decimal place 2.9.0.5 and final answers to decimal places, es. 2.510. Break-even point units Break-even point 5 23 WP19 1.8/3