6 Acc 200, 15th ed Ch 5 In Class Problem 2 Stephens Company prepared the following contribution format income statement based on a sales volume of 1,000 units (the relevant range of production is 500 to 1,500 units): Sales Variable expenses Contribution Margin $26,000 14,000 12,000 Fixed Expenses 7.800 Net operating income. $4,200 Answer the following: 1. What is the contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the variable expense ratio? What is the break-even point in unit sales? 5. What is the break-even point in dollar sales? How many units must be sold to achieve a target profit of $5,684?