8) Too Boring Corporation has provided the following contribution format income statement. All questions concern situations that are within the relevant range. Sales (5,000 units) Variable expenses Contribution margin Fixed expenses Net operating income $300,000 240,000 60,000 58,800 $1.200 Required: a. What is the contribution margin ratio? b. What is the variable expense ratio? c. What is the break-even point in unit sales? d. What is the margin of safety in dollars? e. What is the degree of operating leverage? f. Estimate how many units must be sold to achieve a target profit of $42,000 g. Estimate the total sales in dollars to achieve a target profit of $42,000