A Homework Part 1 of 5 Question 3 Score: 0 of 1 point Save u Owner Shen Lu is considering franchising her Noodles by Lu restaurant concept. She believes people will pay $6.00 for a large bow of noodies. Variable costs are $1.50 per bowl. Lu estimates monthly fixed costs for a franchise at $18,000 Read the resuirements nts wor it Requirement 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars, Begin by showing the formula and then entering the amounts to calculate the breakeven point in salos dollars using the contribution margin approach (Enter a "O" for any zero balances. Abbreviation used: CM contribution margin.) 1 = Required sales in dollars contrib - X mula at eviation Requirements gin approach. (Enter a 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars. 2. Lu believes most locations could generate $59,000 in monthly sales, Is franchising a good idea for Lu if franchisees want a minimum monthly operating income of $16,500? Explain your answer. Print Done