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Question Completion Status: Required: 1. Using Rapala's financial information prepare the Contribution Income Statement. 2. Calculate the contribution margin. 3. Calculate the contribution margin in units. 4. Calculate the contribution margin ratio. 5. Calculate the variable expenses ratio. 6. Calculate the break-even-point in dollars and in units. 7. Using Rapala's financial information, prepare an analysis by modeling the following scenarios: Financial Scenario 1 - Base Scenario $ Sales Lures (Units sales) Variable Expenses Fixed Expenses $ $ 2,170,553 620,158 1,302,332 1,055,800 Financial Scenario 2: Using financial data from scenario 1, what would be the results if: a. Total unit sales increase by 15% b. Make a comment on the effect of the new financial data. Financial Scenario 3: Using financial data from scenario 1, what would be the results if: a. Total sales decreased by 5%. b. Due to material scarcity the variable expenses increased 15%. c. New equipment was purchased to optimize lure production. The new equipment increases the fixed cost by 25%. d. Target Profit is expected to be $1,025,000. Calculate the Break Even Point in units and dollars. e. Make a comment on the effect of the new financial data. Financial Scenario 4: Using financial data from scenario 1, what would be the results if: Click Save and Submit to save and submit. Click Save All Answers to save all answers.