3 Check my work Menlo Company distributes a single product. The company's sales and expenses for last month follow 10 polnts Per otalunit Sales Variable expenses Contribution margin Fixed expenses Net operating income $608,000 $40 28 425, 600 182, 400$12 146, 400 36,000 Required: 1. What is the monthly break -even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $60.000? 3-b. Verify your answer by preparing format income 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 sales increase by $78,000 per month and there is no change in fixed expenses, by how mucth would you expect monthly net operating income to increase? g a contribution format income statement at the target sales level. g your answers in the tabs below enovo 110S