1. ABC Inc. showed the following operating budget for the next year Sales S1,320,000 Fixed cost $567,000 111.000 Total variable cost Total cost 678.000 $642.000 Net Income Answer the following questions: Keep 8 decimal places for the contribution rate. (a) Calculate the total contribution margin and contribution rate (CR). Hint: For CR equation, consider multiplying both numerator and denominator by X (volume) (b) How much sales revenue does ABC Inc. need to generate to break-even? (c) Suppose the company decides to set a price of $125 for a unit of product that it sells. What is the break-even volume in units