Check my work mode: This shows what is correct or Incorrect for th 2 Menlo Company distributes a single product. The company's sales and expenses for last month follow . Dirts Sales Variable expenses Contribution margin Fixed expenses Operating income Total $580,000 200,000 380,000 288,888 $180,000 Per Unit $36 16 $ 2e Required: 1. What is the monthly break-even point in unit sales and in dollar sales? (Do not round Intermediate Answer is complete but not entirely correct. Break-even point in unit sales Break-even point in sales dollars 10,000 units 111,111 X 2 Without resorting to computations, what is the total contribution margin at the break-even point? Answer is complete and correct. Total contribution margin IS 200,000 correct or Incorrect for the work you have com 3-a. How many units would have to be sold each month to earn a target profit of $88,000? Use the formula method Answer is complete but not entirely correct. 204.400 units 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. Answer is complete but not entirely correct. Menlo Company Contribution Income Statement Total Sales Per unit IS 38 Variable expenses Contribution margin Fixed expenses Operating income $ 7.358.400 4.088,000 3.270.400 200,000 $ 3,070,400 20 x 16 $ Check my work mode : This shows what is correct or Incorrect for the work you have completed solu 4. Refer to part 3 and now assume that the tax rate is 30%. How many units would need to be sold each month for an after-tax target profit of $88,000? (Round the final answer to the nearest whole number.) Answer is complete but not entirely correct. 204,400 units 5. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. (Round your percentage answer to 2 decimal places.) Dollars Perpentage Margin of safety % 6. What is the company's CM ratio? If sales increase by $48,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? (Round your percentage answer to 2 decimal places and other answer to the nearest whole dollar amount.) %6 CM ratio Monthly operating income increases by