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Wheeler Corporations most recent income statement followsPrepare a new contribution format income statement under the...

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Accounting

Wheeler Corporations most recent income statement followsPrepare a new contribution format income statement under the following conditions: The sales volumeis 7,000 units.2) Katara Enterprises distributes a single product whose selling price is $36 and whose variable costis $24 per unit. The companys monthly fixed expense is $12,000.Required:1. Prepare a cost-volume-profit graph for the company up to a sales level of 2,000 units.2. Estimate the companys break-even point in unit sales using your cost-volume-profit graph.

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