Business, 15.07.2021 16:10 finedock

Head-First Company now sells both bicycle helmets and motorcycle helmets. Next year, Head- First expects to produce total revenue of $560,000 and incur total variable cost of $368,000. Total fixed cost is expected to be $57,200. 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.
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.
X
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 .
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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Head-First Company now sells both bicycle helmets and motorcycle helmets. Next year, Head- First exp...