You are given the following contribution income statement for last year for a shirt manufacturing company. Revenues 250 100% Variable costs -100 -40% 150 60% Fixed costs -125 -50% Net income 25 10% total units sold = 10 Which of the following is the CVP formula to solve for the number of shirts they would need to sell to earn profit of $200 ? O Currently we earn 10% on sales, so to earn $200, we need to have $2,000 in sales. To reach $2,000 in sales, we need to sell $2,000/$10 = 200 shirts Currently our contribution per shirt = $150/10 = $15. With a fixed cost of $125 and a goal of $200 in profit, we need $325 in contribution. This means we need to sell $325/$15 = 22 shirts Each shirt sells for $10, so we will need $2,000/$10 or 200 shirts Currently profit per shirt = $25/10 = $2.5/shirt; therefore sales to earn $200 is $200/2.5 = 80 shirts