2. XYZ Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year: Net Sales $500,000 Selling expenses - 20,000 variable Direct Materials 150,000 Selling expenses - fixed 30,000 Direct Labour 90,000 Admin expenses 10,000 variable MOH Variable 30,000 Admin expenses-fixed 20,000 MOH Fixed 40,000 (Manufacturing Overhead =MOH) a. Assuming fixed costs and net sales are spread evenly throughout the year, calculate the monthly break-even point in units and in dollars. b. Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual profit. c. Determine the sales required to earn an operating income of $360,000