2 Menlo Company distributes a single product. The company's sales and expenses for last month follow: 5 Per points Total Unit Sales $ 524,690 s 46 Variable expenses 435,389 28 Contribution margin 187,266 $ 12 Fixed expenses 148,389 Net operating income $ 33.499 Required: 1. What is the monthly breakeven point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the breakeven point? 3a. How many units would have to be sold each month to attain a target profit of $56,400? 3b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $99,000 per month and there is change in fixed expenses, by how much would you expect monthly net operating income to increase? 0 Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3A Req BB Reg 4 Reg 5 Refer to the original data. Compute the compa ny's margin of safety in both dollar and percentage terms. (Round your percentage answer to 2 decimal places (Le. 0.1234 should be entered as 12.34).) Margin ofsafety 55 1200000 20.506 00