A restaurant chain sells meals for $20 per unit. The following data is available:

• Variable cost per meal: $8
• Fixed costs: $50,000

a. Calculate the contribution margin per meal and the contribution margin ratio. b. Determine the breakeven point in meals and dollars. c. If the restaurant chain wants to achieve a target profit of $15,000, how many meals must be sold? d. Calculate the margin of safety in meals and as a percentage.