4) Johar Company provides the following information about its product: (1/2 mark) Targeted operating income Selling price per unit Variable cost per unit Total fixed costs $65,000 11.00 1.20 130,000 What is the contribution margin ratio? A) 85% B) 89% C) 118% D) 15% Answer: Show workings: 5) P Company has provided the following information: (1/2 mark) Price per unit Variable cost per unit Fixed costs per month $50 20 $16,000 What is the amount of sales in dollars required for P Co. to break even? A) $4,800 B) $22,857 C) $26,667 D) $16,000 Answer: Show workings: