Problem 18-3B CVP analysis and charting P2 P3 Page 843 Hip-Hop Co. manufactures and markets several products. Management is considering the future of one product, electronic keyboards, that has not been as profitable as planned. Since this product is manufactured and marketed independently of the other products, its total costs can be precisely measured. Next year's plans call for a $350 selling price per unit. The fixed costs for the year are expected to be S42.000, up to a maximum capacity of 700 units. Forecasted variable costs are $210 per unit. Part 1: Calculate contribution margin per unit, break-even point in units, contribution margin RATIO, and break-even point in dollar sales. Contribution margin per unit- Break-even point in units- Contribution margin RATIO Break-even point in dollars Part 2 (modified): If the company wants to earn $70,000 of net income next year, calculate the UNITS required Units required to at target income Analysis: Would it be possible for Hip-Hop Company to earn $70,000 in income net year? Why or Why not