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Chapter 19 Practice Problem #1A Problem #1: Answers must include the formula (using words \& numbers) Use the above information to calculate: a) Contribution Margin per unit and in total b) Contribution Margin Ratio c) Contribution Margin Income Statement Problem #2: Answers must include the formula (using words \& numbers) Use the above information to calculate: a) Contribution Margin per unit and in total b) Contribution Margin Ratio c) Contribution Margin Income Statement Problem #3 : Answers must include the formula (using words \& numbers) Use the above information to calculate: a) Contribution Margin per unit b) Contribution Margin ratio c) Breakeven point in units d) Breakeven point in dollars Problem #4: A company sells a product for $1,800 per unit. The variable cost is $800 per unit and total fixed costs are $1,020,000. Determine the breakeven point in sales units and the sales units and dollars required to achieve a target profit of $355,000. Answers must include the formula (using words \& numbers). After using the Target Profit formula to calculate the sales units/dollars, prepare a Contribution Margin Income Statement depicting the Target Profit. Include both units and costs per unit on the statement. Answers must include the formula (using words \& numbers)