Davis Corporation plans to produce and sell 12,500 pet hair dryers at $50 each in 2021. Product costs are budgeted as follows: Direct materials per unit $16.50 Direct labor per unit $ 3.00 Variable factory overhead per unit $ 9.00 Total fixed factory overhead $55,000 Operating expenses are budgeted as follows: Variable selling expense per unit $ 1.50 Total fixed selling & admin. expense $80,000 Required: a. Prepare a budgeted contribution margin income statement b. Calculate the variable cost ratio (round to 2 decimal places) c. Calculate the contribution margin ratio (round to 2 decimal places) d. Calculate the breakeven point in sales dollars and units (round each to the nearest whole number) e. Calculate sales required in number of units to earn operating income of $150,000. (round to the nearest whole number)