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Instructions Head-First Company plans to sell 5,200 bicycle helmets at $73 each in the...

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Accounting

Instructions
Head-First Company plans to sell 5,200 bicycle helmets at $73 each in the coming year. Unit variable cost is $47(includes direct materials, direct labor, variable factory overhead, and variable selling expense). Total fixed cost equals $49,300(includes fixed factory overhead and fixed selling and administrative expense).
Required:
Calculate the number of helmets Head-First must sell to earn operating income of $66,140.
Check your answer by preparing a contribution margin income statement based on the number of units calculated.
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