EXERCISE 5-7 Compute the Break-Even Point (L06] Maxson Products distributes a single product, a woven basket whose selling price is $8 and whose variable cost is $6 per unit. The company's monthly fixed expense is $5,500. Required: 1. Solve for the company's break-even point in unit sales using the equation method. 2. Solve for the company's break-even point in sales dollars using the equation method and the CM ratio. 3. Solve for the company's break-even point in unit sales using the formula method. 4. Solve for the company's break-even point in sales dollars using formula method and the CM ratio