Erickson, Inc makes student book bags that sell for $20 each. For the coming year, management expects fixed costs to be $225,000. Variable costs are $14 per unit. Instructions (a) Compute break-even sales using the contribution margin ratio. (3 marks) (b) Compute margin of safety ratlo assuming actual sales are 5937,500.(2 marks) (c) Compute the sales required to earn net income of $150,000, using the mathematical equation. (1 mark) In applying the high-low method, what is the fixed cost? Month January February March April 80,000 50.000 70,000 90.000 Total cost 5192.000 160.000 152.000 Select one 5100.000 b: 335.000 572000 0.5281000 Mond Volee message 003