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Gremlin Company plans to sell 6,000 bicycle helmets at $100 each in the coming year....

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Accounting

Gremlin Company plans to sell 6,000 bicycle helmets at $100 each in the coming year. Product costs include:
Variable selling expense is a commission of $5 per helmet, fixed selling and administrative expense totals $30,000.
Required:
Compute the total variable cost per unit.
Calculate the total fixed expense for the year.
Prepare a contribution margin income statement for Gremlin Company.
Calculate the break even point in units and in dollars.
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