Big Foot prodabes sports socks. The compocy has fuxed expenses of $100,000 and variable expenses of $1.00 per packuge. Each packigs sels for $2.00 Read the requrements Requirement 1, Compule the contribution margin per package and the controulion margin ratio. Begin by identitying the tommls to compute the cortrbution margin per package. Then compute the contribuhon margin per pockage. (Enter the bmourt ts ife narast cent? ocks. The company has fixed expenses of $100,000 and variable expenses of $1.00 per package. Each package the contribution margin per package and the contribution margin ratio. Requirements 1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the breakeven point in units and in dollars. 3. Find the number of packages Big Foot needs to sell to earn a $23,000 operating income