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(For entries with a $0 balance, make sure to enter "O" in the appropriate cell. Round the contribution margin percentage to the nearest whole percent.) Variable Fixed Tota Operating Contribution Case Revenues Costs Costs Costs Income Margin Percentage $600 900 400 Data Table Variable Fixed Total Operating Contribution Case Revenues Costs Costs Costs Income Margin Percentage $ 600 $ 900 $1,400 $1,300 b. $2,900 c. $,100 $ 800 d. $,500 S 300 $ 1,100 $ 300 40 % Print Done O'Reilly Motors is a small car dealership. On average, it sells a car for $26,000, which it purchases from the manufacturer for $22,000. Each month, O'Reilly Motors pays $60,000 in rent and utilities and $70,000 for salespeople's salaries. In addition to their salaries, salespeople are paid a commission of $500 for each car they sell O'Reilly Motors also spends $10,000 each month for local advertisements. Its tax rate is 40%. Read the requirements Requirement 1. How many cars must O'Reilly Motors sell each month to break even? Let's begin by determining the formula for the breakeven number of cars. Breakeven number of cars Requirements 1. How many cars must O'Reilly Motors sell each month to break even? 2. O'Reilly Motors has a target monthly net income of $63,000. What is its targeted monthly operating income? How many cars must be sold each month to reach the target monthly net income of $63,000? PrintDone