PA6-3 (Algo) Calculating Contribution Margin, Contribution Margin Ratio, Break-Even Point, Target Profit [LO 6-1, 6-2) Hawk Homes, Inc., makes one type of birdhouse that it sells for $30.50 each. Its variable cost is $13.80 per house, and its fixed costs total $14,462.20 per year. Hawk currently has the capacity to produce up to 2,200 birdhouses per year, so its relevant range is O to 2.200 houses. Required: 1. Prepare a contribution margin income statement for Hawk assumingit sells 1,110 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $23,000 this year. Determine how many birdhouses it must sell to generate this amount of profit Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a contribution margin income statement for Hawk assuming it sells 1,110 birdhouses this year. (Enter your answers rounded to 2 decimal places.) HAWK HOMES, INC. Contribution Margin Income Statement Save sive problem You received partial credit in the previous attempt. Required: 1. Prepare a contribution margin Income statement for Hawk assuming it sells 1,110 birdhouses this year. 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $23,000 this year. Determine how many birdhouses it must sell to generate Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Required 5 Prepare a contribution margin income statement for Hawk assuming it sells 1,110 birdhouses this year. (Enter you rounded to 2 decimal places.) HAWK HOMES, INC. Contribution Margin Income Statement Sales Revenue s 33,550.00 Variable Costs Contribution Margin Fixed Costs Comprehensive problem Seved You received partial credit in the previous attempt Required: 1. Prepare a contribution margin income statement for Hawk assuming it sells 1,110 birdhouses this ye 2. Without any calculations, determine Hawk's total contribution margin if the company breaks even. 3. Calculate Hawk's contribution margin per unit and its contribution margin ratio. 4. Calculate Hawk's break-even point in number of units and in sales revenue. 5. Suppose Hawk wants to earn $23,000 this year. Determine how many birdhouses it must sell to ge 10 points eBook Complete this question by entering your answers in the tabs below. Print References Required 1 Required 2 Required 3 Required 4 Required 5 Calculate Hawk's contribution margin per unit and its contribution margin ratio. (Round your answers to 2 (i.e. .1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio Pro 2 of 7