Head-First Company now sells both bicycle helmets and motorcycle 1 answer below »

Head-First Company now sells both bicycle helmets and motorcycle helmets. Next year, Head-First expects to produce total revenue of $570,000 and total variable costs of $388,000. Total fixed costs are expected to be $54,600.
Required:
1. Calculate the break-even point in sales dollars for Head-First. (Round the contribution margin ratio to four significant digits.)
2. Check your answer by preparing a contribution margin income statement.