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Instructions Head-First Company plans to sell 5,200 bicycle helmets at $80 each in the...

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Accounting

Instructions
Head-First Company plans to sell 5,200 bicycle helmets at $80 each in the coming year. Variable cost is 54% of the sales price; contribution margin is 46% of the sales price. Total fixed cost equals $56,350(includes fixed factory overhead and fixed selling and administrative expense).
Required:
Calculate the sales revenue that Head-First must make to break even by using the break-even point in sales equation.
Check your answer by preparing a contribution margin income statement based on the break-even point in sales dollars.
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