Show all Work 2. Break-even/contribution margin analysis (30 points) Valex Corp sells fattened steers to butchers. They expect to sell the steers for $1.77 per pound. An average steer weighs 1500 pounds. Cost of the calf plus feed and other variable costs total S1.16 per pound. Fixed costs total $50,000. 1. How many steers must they sell to break even? (show calculation) 2. Using a contribution margin income statement, clearly show the proof of your