Feather Friends, Incorporated, distributes a high-quality wooden birdhouse that sells for $20 per unit. Variable expenses are $10 per unit, and fixed expenses total $220,000 per year. Its operating results for last year were as follows Sales (28,000 units) $560,000 Variable expenses 250,000 Contribution margin 250,000 220,000 60,000 Fixed expenses Operating income Required: Answer each question independently based on the original data 1. What is the product's CM ratio? 2. Use the CM ratio to determine the break-even point in sales dollars