help! show steps on how you got the answer

FOOIS Data Window Help AutoSave OFF Home A20 Insert Draw Page Layout Formulas Data Review View Tel x fx You are the top managerial accountant at SuperStyles, Inc. and are sch D E G SuperStyles, Inc. is a manufacturer of personal grooming products. During 2020, the company sold 240,000 Model 737 Hair Dryers to retail stores at a sales price of $32 cach. Following are the 2020 financial results 7,680,000 SuperStyles, Inc. Contribution Format Income Statement For the Year 2020 9 10 Sales 11 Less: Variable costs 12 DM 1,608,000 13 DL 1,560,000 14 VOH 1.536,000 15 Total variable costs 16 Contribution margin 17 Less: Fixed costs 18 Income before taxes 19 4.704,000 2,976,000 2,200,000 776,000 You are the top managerial accountant at Superstyles, Inc. and are scheduled to meet with the company's CEO next week to discuss the financial outlook for 2021. In particular, the CEO will want to know what steps the company might take to improve upon its 2020 income performance. You expect to be asked questions about the impact that various changes in sales price, sales volume, and costs would have on the company's contribution margin, breakeven point, margin of safety, and income. In addition, the CEO is likely to ask this question of sales price decreases due to competition but costs increase in 2016, how many dryers would we have to sell to meet our target income in 20217 20 21 22 Required 23 Perform the 2021 what if anayisis based on these change factors 24 25 Sales in units +3% 26 Sales price per unit -5% 27 Direct materials cost per unit .2 28 Direct labor cost per unit 2x 29 Variable overhead cost per unit +2% F 30 Fixed costs 2N 31 Target income 5N 32 Information What if a 10 B D E F G Superstyles, Inc. Financial Projections-2021 2020 Actual 240,000 32.00 2021 What If? 247,200 $ Inputs: Sales in units 5 Sales price per unit 7 Direct materials cost per unit 8 Direct labor cost per unit 9 Variable overhead cost per unit 10 Fixed costs 11 Target Income Change Factors +3% -5% +2% +2% +2% +2% +5% $ $ 2,200,000 776,000 12 2020 Actual 7,680,000 2021 What If? $ 13 Income Projections: 14 Sales S 15 Less variable expenses: 16 Direct materials 17 Direct labor 18 Variable overhead 19 20 Total variable expenses 21 22 Contribution margin 23 Less fixed expenses 24 25 Income before taxes 26 27 28 Contribution margin per unit 29 Contribution margin ratio 30 31 Break-even sales in units 32 Break-even sales in $$ 33 34 Margin of safety in units 35 Margin of safety in sales 55 36 37 Sales in units to yield target income 38 39 40 Information What if O 10) ty