Question: The attached document contains information needed to create an income statement. Part 5. CVP Problem Sarah's T-Shirts Sarah's T-Shirts business makes and sells tie dyed

The attached document contains information needed to create an income statement.The attached document contains information needed to create an income statement. Part

Part 5. CVP Problem Sarah's T-Shirts Sarah's T-Shirts business makes and sells tie dyed and embroidered T-Shirts. Sales information for the last year is shown below. During the year, Sarah's fixed manufacturing costs were $40,000 and fixed Selling and Administrative costs were $50,000. Sales units Unit price Variable manufacturing cost/unit Sales commission (% sales) Tie Dyed 15,000 $ 12 Embroidered 8,000 $ 18 $ 7 $ 9 10% 15% Prepare an Income Statement in Contribution Margin format for Sarah's business. Calculate breakeven units and revenue for her total business. What is her margin of safety %

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