FULL SCREEN PRINTER VERSION BACK NEXT Problem 20-2A Lorge Corporation has collected the following information after its first year of sales. Sales were $2,200,000 on 110,000 units selling expenses $250,000 (40% variable and 60% fixed); direct materials $1,145,500; direct labor $240,000; administrative expenses $270,000 (20% variable and 80 fixed); and manufacturing overhead $315,000 709 var able and 30% fixed). Top management has asked you to do a cvp ahalysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year (Assume that fixed costs will remain the same in the projected year.) (1) Contribution margin for current year Contribution margin for projected year (2) Fixed costs for current year LINK TO TEXT Compute the break-even point in units and sales dollars for the first year. (Round contribution margin ratio to 2 decimal places e.g. 0.15 and final answers to O decimal places, e.g. 2,510.) Break-even point Break-even point units