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Hermosa, Inc. produces one model of mountain bike. Partial information for the company follows: 480 790 970 $114,240 $ 7 $ 7 Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit 7 7 ? 2 7 2 7 2 7 ? $524.75 Required: 1. Complete the table. 2. Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $790. 4. Calculate Hermosa's break-even point in units and sales revenue. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 4 Complete the table. (Round your "Cost per Unit" answers to 2 decimal places.) 480 Units 790 Units 970 Units $ 114,240 Number of bikes produced and sold Total costs Variable costs Fixed costs per year Total costs Cost per unit Variable cost per unit Fixed cost per unit Total cost per unit $ 524.75 Required 2 > Calculate Hermosa's contribution margin ratio and its total contribution margin at each sales level indicated in the table assuming the company sells each bike for $790. (Round your percentage answers to 2 decimal places (le 1234 should be entered as 12.34%.)) 480 Units 790 Units 970 Units Contribution Margin Ratio % Total Contribution Margin % Calculate Hermosa's break-even point in units and sales revenue. (Round your "Unit" and Sales Revenue" answers to the nearest whole number) Bikes Break-Even Units Break-Even Sales Revenue

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