Golden Wolves Statue Company Cost-Volume-Profit Relationships (Assignment #4) 60 points The large forward-facing statues in Job 3 sold at the following prices: 900 large forward-facing statues-S150/ statue Golden Wolves Statue Company would like to stop manufacturing the small and large profile statues and only sell the large forward-facing statue. The company's contribution format income statement for sales of this statue in 2017 is given below assuming that all fixed ex assigned to this statue: penses are now $135,000 11,985 $123,015 18.535 $104,480 Sales (900 units) $150.00 100% 13.32 ?% Contribution Margin $136.68 ?% xed Expenses Net Operating Income Step : Compute Golden Wolves Statue Company's contribution margin ration and variable expense ratio (round to nearest whole percentage). (10 points each) Step 2: Compute Golden Wolves Statue Company's break-even point in both unit sales and dollar sales using the equation method (round up to the next fully completed statue for unit sales and round to nearest whole dollar for dollar sales). (10 points each) Step 3: Assume that sales of the large forward-facing statue increase by S6,000 next year. If cost behavior patterns remain unchanged, by how much will the company's net operating income increase due to sales of this statue (round to nearest whole dollar)? Use the contribution margin ratio to compute your answer10 points) Step 4: Refer to the original data. Assume that Corey wants the company to earn a profit of at least $130,000 next year. How many units will have to be sold to earn this target profit (round to the next fully completed statue)? (10 points)