Charles Wilson operates a kiosk in downtown Chicago, at which he sells one style of baseball hat. He buys the hats from a supplier for $16 and sells them for $20. Charles's current breakeven point is 16,500 hats per year. (21) Your answer is correct Calculate contribution margin per unit. Contribution margin per unit (a2) Your answer is correct What is Charles's current level of fixed costs? (Use the rounded contribution margin per unit calculated in the previous part.) 66000 Current level of fixed costs (b) Your answer is correct Assume that Charles's fixed costs, variable costs, and sales price were the same last year, when he made $26,600 in net income, How many hats did Charles sell last year, assuming a 30% income tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) 26000 hats (c) Your answer is correct What was Charles's margin of safety in units and dollars last year? Margin of safety in units 9500 hats Margin of safety in dollars $ 190000 (d) Your answer is correct. If Charles wants to earn $38,500 in net income, how many hats must he sell, assuming a 30% tax rate? (Use the rounded contribution margin per unit calculated in the previous part.) 30250 hats (e) How many hats must Charles sell to break even if his supplier raises the price of the hats to $17 per hat? (Use the rounded contribution margin per unit for computation.) hats