Instructions Contribution Margin Income Statement 3. Check your answer by preparing a contribution margir income statement. Roler lo the list of Amount Descriptions for the exact wording of text items within your income Suppose that Head-First Company now sells both bicycle helmets and motorcycle helmets. The bicycle helmets are priced at $75 and have variable costs of $44 each. The motorcycle helmets are priced at $235 and have variable costs of $130 each. Total fixed cost for Head-First as a whole equals $65,700 (includes all fixed lactory overhead and fixed selling and administrative expense). Next year, Head-First expects to sell 4,900 bicycle helmets and 1,960 motorcycle helmets. statement Head-First Company Required: Contribution Margin Income Statement 1. Form a package of bicycle and motorcycle helmets based on the sales mix expected for the coming year. At Break-Even Point 2. Calculate the break-even point in units for bicycle helmets and for motorcycle helmets. 3. Check your answer by preparing a contribution margin income statement Sales Tatal variable cost Sales Mix and Break-Even Point Total contribution margin Tatal fixed cast 1. Form a package of bicycle and motorcycle helmets based on the sales mix expected for the coming year. Operating income Package Contribution Product Price Unit Variable Cost Unit Contribution Margin Sales Mix Margin Bicycle $75.00 $44.00 $31.00 helmet Motorcycle helmet 235.00 130.00 105.00 Package total 2. Calculate the break-even point in units for bicycle helmets and for motorcycle helmets. Break-Even Bicycle Helmets Break-Even Motorcycle Helmets I NA