b. Company B only produces one product. The selling price per unit is $350. The variable cost per unit is $210. The total fixed cost for August 2021 is $16800. In August 2021, 160 units were sold. i. (1 mark) The contribution margin ratio is %. ii. (1 mark) The breakeven sales in dollars is $ iii. (1 mark) The breakeven sales in units is units. iv. (1 mark) The actual total sales (in dollars) in August 2021 is $ v. (1 mark) The margin of safety in dollars is $ vi. (1 mark) The margin of safety ratio is %. vii. (1 mark) Which ONE of the following statements is correct for August 2021? Total sales can be reduced by $42000 before a loss occurs. The total sales can be reduced by 40% before a loss occurs. Company B does not make any gain or loss. 40% of the total sales can be used to cover the fixed cost and generate profit