Exercise 7-24 Pizza Delivery Business; Basic CVP Analysis (LO 7-1, 7-2, 7-4) College Pizza delivers pizzas to the dormitories and apartments near a major state university. The company's annual fixed expenses are $64,000. The sales price of a pizza is $10, and it costs the company $2 to make and deliver each pizza. (In the following requirements, ignore income taxes.) Required: 1. Using the contributionmargin approach, compute the company's breakeven point in units (pizzas). 2. What is the contributionmargin ratio? (Round your answer to 1 decimal place.) 3. Compute the break-even sales revenue. Use the contribution-margin ratio in your calculation. 4. How many pizzas must the company sell to earn a target profit of $70,000? Use the equation method. . Breakeven point pizzas . Contributionmargin ratio . Breakeven point sales dollars . Number of pizzas