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Question 13: Cost-Volume-Profit Analysis Motion Limited makes small chairs that are sold for $85 each. The company's annual level of production and sales is 3,120,000 units. In addition to $2,430,500 of fixed manufacturing overhead, and $2,159,050 of fixed administrative expenses, the following per-unit costs have been determined for each plant stand: Direct Material Direct Labor Variable Manufacturing Overhead Variable Selling Expense $16.50 $23.50 $6.90 $5.20 S52.10 Total Variable Cost Required: (1) Prepare a CVP income statement at the current level of production and sales. (2) Calculate the per unit contribution margin in dollars, and the contribution margin ratio for a plant stand (3) Determine the break-even point in terms of the number of plant stands. (4) Calculate the dollar break-even point using the contribution margin ratio. (5) If the company wants to earn a net income of $41,204,050, how many units must be sold? (6) Assume Motion Limited adds a new product of Day Sofas' that will be sold for $45 with costing as (i) direct material of $12.20; (ii) direct labor of $6.50, (ii) variable manufacturing overhead of S2.30 and (iv) variable selling expenses of S5.10. What is the sales mix contribution margin in dollars if Motion Limited projects a sales mix of 40:60