L o ... READ ONLY - This is an older file for... Question 4 (16 points) Ursula's Toy Manufacturing makes aluminum serving carts for use in their underwater submarine rides. During 2013, the following costs were incurred: PERCENT PERCENT AMOUNT FIXED VARIABLE Direct material 100 $440,000 90,000 Direct labor 100 70,000 Variable manufacturing overhead 100 Fixed manufacturing overhead 800,000 100 Selling costs 55 950,000 45 Administration costs 15 570,000 85 Sales for 2014 totaled $3,164,000 and there were no beginning and ending inventories. Required: ALL CALCULATIONS MUST BE SHOWN 1) Prepare a contribution income statement for the year ended December 31, 2013. 2) Determine the sales required to break even. 3) Determine the sales required to make a $420,000 profit per year