EXERCISE 4-14 Break-Even and Target Profit Analysis [LO3, LO4, LO5, L06] New Tech Limited manufactures and sells wireless phone chargers. The product sells for $30 per unit and has a CM ratio of 50%. The company's fixed expenses are $450,000 per year. Required: 1. What are the variable expenses per unit? 2. What is the annual break-even point in units and in sales dollars? 3. What annual sales level in units and in sales dollars is required to earn target operating income of $150,000? Ignore taxes. 4. Assume that New Tech is able to reduce variable costs by $3 per unit but to do so will increase fixed costs by $54,000. What is the company's new annual break-even point in units? 5. Referring to the original data, what sales level in dollars is required to earn an annual target profit of $100,000 after taxes if the company's tax rate is 20%? Pa