A company reports the following about a potential new product.

Selling price

$ $87$

per unit

Variable costs

$ $26\mathrm{.}10$

per unit

Total fixed costs

$ $770,000$

First, calculate the contribution margin ratio and show your work. Then, calculate the break$-$even point in dollar sales. Finally, find What dollar amount of sales is needed to make a target income of $$133,000,$ and show your work.A company reports the following about a potential new product.

Complete this question by entering your answers in the tabs below.

Calculate the contribution margin ratio.

Note: Round answers to $2$ decimals.