B D E 7 Problem 3 (4 points each = 16 points) B Given the following Income statement for ABC company, answer the following questions. Show your work Sales (15,000 units sold) $150,000 Less Variable Costs 60.000 1 Contribution Margin 90,000 Less Fixed Costs 60,000 3 Net Income $30,000 4. 5 A. What is the contribution margin per unit? UI 7 m 3 B. What is the contribution margin ratio? 3 4 5 5 C. What is the breakeven point in units? B 9 0 D. How many units would need to be sold to make a total net income of $120,000? 1 2 3