Based on the data presented in the Spreadsheet:

• Calculate the contribution margin (CM) for each of the three products sold at the cookie business.
• Calculate the weighted average CM.
• Calculate the breakeven point.

Please, Discuss the results based on your calculations as far as which type of cookie you think is the most profitable, which has the highest CM, etc. I have VERY little accounting experience and would appreciate an elementary answer.

Cookie Business

Chocolate Chip Sugar Specialty Total

Units Sold1,500,000980,000300,0002,780,000

Sales $1,875,000.00 $882,000.00 $1,050,000.00 $3,807,000.00

Less: Variable

Costs $690,000.00 $205,800.00 $81,000.00 $976,800.00

Contribution

Margin $1,185,000.00 $676,200.00 $969,000.00 $2,830,200.00

Less: Common Fixed Costs $125,000.00

Profit $2,705,200.00

Per item Contribution Margin=???

Weighted Average Contribution Margin=???

Break-even point in units =???

Thank you, for any and all help.