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APPLY THE CONCEPTS: Break-Even Point in Units The break-even point can be expressed in terms of sales dollars or number of units. The break-even units tells us how many units must be sold so that operating income is $0. Assume that you are part of the accounting team for Copeland Productions. The company currently expects to sell 533 units for total revenue of $16,900 each month. Copeland Productions estimates direct materials costs of $3,150, direct labor costs of $4,200, variable overhead costs of $2,100, and variable selling and administrative costs of $1,050. Fixed costs of $4,800 are also expected, which includes fixed overhead and selling and administrative costs. Using this information, complete the contribution margin income statement shown below. Copeland Productions Contribution Margin Income Statement Sales Less: Variable costs 10,500 Contribution margin Less: Fixed costs Operating incomeCopeland Productions is examining cost behavior patterns. Your recommendation is to first determine the break-even point in units. First, calculate the contribution margin (CM) per unit (rounded to the nearest dollar). $ X Next, complete the formula below to determine the break-even units. Total Fixed Costs / Contribution Margin per Unit = Units X / X = X unitsAPPLY THE CONCEPTS: Effect of Changes to Sales Price, Variable Costs and Fixed Costs Now consider each of the following scenarios for Copeland Productions. Calculate the contribution margin (CM) per unit, rounded to nearest dollar, and the new break-even point in units, rounded to the nearest whole unit, for each scenario separately. Scenario 1 Scenario 2 Scenario 3 After some extensive market research, Copeland Copeland will dispose of a machine Copeland has been experiencing quality problems with has determined that a sales price increase of $2 in the factory. The depreciation on materials supplier. Changing suppliers will improve the per unit will not affect the sales volume and will be quality of the product but will cause direct materials that equipment is $500 per month. effective immediately. costs to increase by $1 per unit. CM per unit: $ X CM per unit: $ X CM per unit: $ X Break-even units: X Break-even units: X units Break-even units: X units units