APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for Clapton Products Further analysis of Clapton Products's fixed costs revealed that the company actually faces annual xed overhead costs of $9,800 and annual fixed selling and administrative costs of $4,200. Variable cost estimates are correct: direct materials cost, $8.00 per unit; direct labor costs, $10.00 per unit; and variable overhead costs, $2.00 per unit. At this time, the selling price of $40 will not change. Complete the following formulas for the revised xed costs. Enter the ratio as a percentage. Contribution Margin per Unit = V $- V = $- V $- Now complete the formulas for (1) the break-even point in sales dollars and (2) the units sold at the break-even point. To calculate this, divide the break-even point in sales dollars by the unit selling price. ) Break-Even Point in Sales Dollars = '- 14,000 V = '- 28,000 V v Units Sold at Break-Even Point = 4 units Assume that the number of units that Clapton sold exceeded the break-even point by one (1). Contribution Margin Ratio = $ How much would operating income be? C] What would operating income be if the units sold exceeded the break-even point by ve (5) units? $[:J