Exercise 5-7 Compute the Level of Sales Required to Attain a Target Profit /LO5-6] The following Information applies to the questions displayed below in Corporation has a single product whose selling price is $120 and whose variable expense Is $80 per unlt. The company's monthly fixed expense is $50,000. Exercise 5-7 Part 1 Required: 1. Using the equation method, determine for the unit sales that are required to ean a target profit of $10,000. Unit sales Exercise 5-7 Part 2 2. Using the formula method, determine for the unit sales that are required to earn a target profit of $15,000 nit sales