Case 1 Bob's Textile Company sells shirts for men and boys. The average selling price and variable cost for each product are as follows: Men's Selling Price $28.80 Variable Cost $20.40 Fixed costs are $38,400. Boys! Selling Price Variable Cost S24.00 $16.80 Required: a. What is the breakeven point in units for each type of shirt, assuming the sales mix is 2:1 in favor of men's shirts? b. What is the operating income, assuming the sales mix is 2:1 in favor of men's shirts, and sales total 9,000 shirts? Case 2 Suppose Morrison Corp's breakeven point is revenues of $1,100,000. Fixed costs are $660,000. 1. Compute the contribution margin percentage. 2. Compute the selling price if variable costs are $16 per unit 3. Suppose 75,000 units are sold. What's the margin of safety in units and dollars