### Prepare a contribution margin income statement

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Question - Blanchard Company manufactures a single product that sells for \$240 per unit and whose total variable costs are \$180 per unit. The company's annual fixed costs are \$954,000.

(1) Prepare a contribution margin income statement for Blanchard Company at the break-even point

(2) Assume the company's fixed costs increase by \$144,000. What amount of sales (in dollars) is needed to break even?

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