1. For Franklin, Inc., sales is $1,500,000, fixed expenses are $450,000, and the contribution margin ratio is 36%. What is the net income?

2. For Sanborn Co., sales is $1,000,000, fixed expenses are $300,000, and the contribution margin per unit is $48. What is the break-even point?

3. For Pierce Company, sales is $500,000, variable expenses are $330,000, and fixed expenses are $140,000. Pierces contribution margin ratio is?