2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $770. (Round your percentage answers to 2 decimal places. (i.e. .1234 should be entered as 12.34%.)) 540 Units 780 Units 940 Units Contribution Margin Ratio % % Total Contribution Margin 4. Calculate Hermosa's break-even point in units and sales revenue. (Round your answers to the nearest whole number.) Break-Even Units Bikes Break-Even Sales Revenue PA6-1 Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point [LO 6-1, 6-2] Hermosa, Inc., produces one model of mountain bike. Partial information for the company follows: 540 780 940 $ S 134,460 2 Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit ? ? ? S ? ? ? 2 ? ? ? ? ? ? ? 2 $ 524.75 Required: 1. Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) 540 Units 780 Units 940 Units Number of bikes produced and sold Total costs Variable costs S 134,460 Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 524.75 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $770. (Round your percentage answers to 2 decimal places. (.e. .1234 should be entered as 12.34%) 540 Units 780 Units 940 Units % % % Contribution Margin Ratio Total Contribution Margin