APPLY THE CONCEPTS: Calculate the break-even point in sales dollars for McCartney Manufacturing Further analysis of McCartney Manufacturing's fixed costs revealed that the company actually faces annual fixed 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 fixed costs. Enter the ratio as a percentage. Contribution Margin per Unit Contribution Margin Ratio 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 90 Units Sold at Break-Even Point units Assume that the number of units that McCartney sold exceeded the break-even point by one (1) How much would operating income be? What would operating income be if the units sold exceeded the break-even point by five (5) units