Analysis Homework SHOW YOUR WORK! CIRCLE YOUR ANSWER! Spring Break Co. produces and sells a single product. SB Co. usually sells 1,000 units each month. The product sells for $175.00 per unit and its variable expense is $35.00 per unit. The company's monthly fixed expense is $21,000. Compute the contribution margin per unit. Compute the contribution margin ratio. Compute the breakeven point in units. (Round up the next whole unit.) Compute the breakeven point in sales dollars. Compute the number of units required to earn a target a profit of $20,000 (Round up the next whole unit.) Prepare a contribution margin format income statement to prove your answer. (The bottom line will be off due to rounding) Remember! The income statement format will categorize costs by behavior Sales Less: Variable Expenses Contribution Margin Less: Fixed Expenses Net Income WAIT! DID YOU SHOW YOUR WORK? DID YOU CIRCLE YOUR ANSWERS?