2. Suppose Westover Corp.'s breakeven point is revenues of $1,100,000. Fixed costs are $660.000 Requirements 1. Compute the contribution margin percentage. 2. Compute the selling price if variable costs are $16 per unit. 3. Suppose 90,000 units are sold. Compute the margin of safety in units and dollars. 4. What does this tell you about the risk of Westover making a loss? What are the most likely reasons for this risk to increase? Requirement 1. Compute the contribution margin percentage Determine the formula for the contribution margin percentage. Contribution margin percentage (1) L (2) (Enter percentage as a whole number.) The contribution margin percentage is % Requirement 2. Compute the selling price if variable costs are $16 per unit. Determine the formula used to calculate the selling price. Selling price = (3) I L (5) ) The selling price is $ . Requirement 3. Suppose 90,000 units are sold. Compute the margin of safety in units and dollars. Determine the formula to calculate the margin of safety in dollars. (6) - (7) - Margin of safety in dollars The margin of safety is units and $ Requirement 4. What does this tell you about the risk of Westover making a loss? What are the most likely reasons for this risk to increase? The risk of making a loss is (8) The most likely reasons for this risk to increase is (9)