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Ern Shelton,Inc., wants to eam a tarpet proft of $840,000 this year: The company's fxed...

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Accounting

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Ern Shelton,Inc., wants to eam a tarpet proft of $840,000 this year: The company's fxed costs are expected to be $1.080,000 and its varlable costs are expected to be 70 percent of sales. Erin Inc., earned $740,000 in profit last year Required 1. Calculate break-even sales for Erin Shelton, Inc 2. Prepare a contribution margin income statement on the basis break-even sales. (Do not leave any cells blank, enter a zero wherever required.)

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