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Instructions Head-First Company now sells both bicycle helmets and motorcycle helmets. Next year, Head- First...

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Accounting

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Instructions Head-First Company now sells both bicycle helmets and motorcycle helmets. Next year, Head- First expects to produce total revenue of $566,000 and incur total variable cost of $402,000. Total fixed cost is expected to be $57,900. Required: 1. Calculate the break-even point in sales dollars for Head-First. Round the contribution margin ratio to four decimal places and sales to the nearest dollar 2. Check your answer by preparing a contribution margin income statement Amount Descriptions Refer to the list below for the exact wording of text items within your income statement. Amount Descriptions Operating income Operating loss Sales Total contribution margin Total fixed cost Total variable cost Break-Even Sales Dollars 1. Calculate the break-even point in sales dollars for Head-First. Round the contribution margin ratio to four decimal places and sales to the nearest dollar The break-even point in sales equals Contribution Margin Income Statement 2. Check your answer by preparing a contribution margin income statement. Refer to the list of Amount Descriptions for the exact wording of text items within your income statement Head-First Company Contribution Margin Income Statement At Break-Even Sales Dollars 1 2 3 4 5

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