APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for Clapton Manufacturing Further analysis of Clapton Manufacturing's fixed costs revealed that the company actually faces annual xed overhead costs of $9,800 and annual xed 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 = \\/ VI = V/ WM... M... = = M 4 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 Units Sold at Break-Even Point = V/ units Assume that the number of units that Clapton sold exceeded the break-even point by one (1). How much would operating income be? $:l What would operating income be if the units sold exceeded the breakeven point by ve (5) units? $[:1