Canton Company Produces and Sells Toasters

Canton Company produces and sells toasters. The following unit cost information assumes a production and sales volume of 15,000 units:
Required:Compute the budgeted selling price per unit assuming Canton uses a cost-plus pricing strategy and a markup equal to 75% of production cost.Compute the firm's total fixed costs.Compute the firm's contribution margin per unit given the budgeted selling price you computed in Requirement 1.Compute the firm's breakeven point in units and dollars, using the selling price you calculated in part 1.Estimate the profit when 15,000 units are sold.