Accounting Principles II Garret Garcia &1 5/7/18 2:31 PM Test: Chapter 21 Post-Test Submit Test This Question: 1 pt 44 of 4 (0 complete) This Test: 4 pts possibl Owner Shirl Le is considering tranchising her Noodles by Le restaurant concept She believes people will pay $8 00 for a large bowl of noodles, Variable costs are $4 80 per bowl. Le estimates monthly fixed costs for a franchise at $6,000 Read the tequirements 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 sales dollars using the contribution margin approach. (Enter a "o" for any zero balances. Abbreviation used CM contribution margin.) - Required sales in dolars CM per unit Ret CM ratio inc Fixed costs Bes Variable costs locations could generate $76,750 in monthly sales, is franchising a good idea for Le if franchisees want a minimum monthly operating and then entering the amounts to calculate the targeted sales dollars required to earn the minimum monthly operating income of $19,500 contribution margin Required sales in dollars 1 is franchising a good idea for Le if franchisees want a minimum monthly operating income of $19,500? Since the predicted monthly sales of $76,750 are franchising concepta good idea the amount of sales necessary to generate a minimum monthly operating income of $19,500, Le's Choose from any list or enter any number in the input fields and then continue to the next