1Under the variable costing method, compute the total contribution margin for each year.2.Compute Contribution Margin Ratio for each year. Round your answer to nearest whole percentage (40% as 40).Year1 Year2 Year33. Prepare contribution format income statement for each of the three years.4. Compute break even point for each year. Round your answer to nearest whole number.5.Compute the margin of safety for each year.Year1 Year2Year36. .Assuming the company wishes to have a profit of 800,000 each year, how much should be the breakeven point sales in dollars in order to achieve the target profit?

Flag question OB Company manufactures and sells one product. The following information is gathered for the company's first three years of operation. Variable costs per unit: Direct materials $32 Direct labor $20 Variable manufacturing overhead $4 Variable selling and administrative $3 Fixed costs per year Fixed manufacturing overhead $660,000 Fixed selling and administrative expenses $120,000 Year 1 Year 2 Year 3 Units produced 100,000 75,000 80,000 Units sold 80,000 90,000 75,000 The selling price of the company product is $75 per unit