Check my work 9 9 Wesley Company manufactures and sells a single product. The company's Income statement at sales level of 39,000 units for last quarter follows: 10 points Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net operating income Total $1,560,eee 1,092,000 468, eee 380,952 $ 87,848 eBook Print Required: 1. What is the monthly break-even point in units sold and in sales dollars? (Round your intermediate calculations and final answers to the nearest whole number.) ) References Break-even point in units sold - Break-even point in sales dollars Break-even Point 31.750 $ 114,286 2. Without resorting to computations, calculate the total contribution margin at the break-even point for the quarter. Total contribution margin 3-a. How many units would have to be sold each quarter to earn a target profit of $31,200? Use the formula method. Units sold to attain target profit 3-b. Verify your answer by preparing a contribution format Income statement at the target level of sales Total Unit Sales 412,162 0 $ $ 412.152 4. Refer to the original data. Compute the company's margin of safety for the quarter In units, In dollars and as a percentage of last quarter's sales. (Round "Percentage" answer to 1 decimal place, (l.e., 0.123 should be considered as 12.3%).) Units Dollars Percentage Margin of safety 96 5. What is the company's CM ratio? If quarterly sales decrease by $105,600 and there is no change in fixed expenses, what would you expect the quarter's net operating Income to be? (Do not prepare an Income statement; use the CM ratlo to compute your answer.) CM ratio % Net operating income