Dean Consulting, Inc. provides consulting service at an average price of $150 per hour and incurs variable cost of $75 per hour. Assume average fixed costs are $5,250 a month. Requirements 1. What is the number of hours that must be billed to reach the breakeven point? 2. If Dean desires to make a profit of $3,000, how many consulting hours must be completed? 3. Dean thinks it can reduce fixed cost to $3,990 per month, but variable cost will increase to $80 per hour. What is the new breakeven point in hours? Requirement 1. What is the number of hours that must be billed to reach the breakeven point? Start by selecting the formula and entering the amounts to compute the breakeven point in hours. (Complete all answer boxes. Enter a 0 for any zero balances.) Required hours billedContribution margin per hour Contribution margin ratio Fixed costs Hourly rate Target profit Variable costs