Finch Company reported the following data regarding the product it sells: Sales price $50 Contribution margin ratio 20% Fixed costs $320,000 Required Use the contribution margin ratio approach and consider each requirement separately. a. What is the break-even point in dollars? In units? b. To obtain a profit of $40,000, what must the sales be in dollars? In units? c. If the sales price increases to $80 and variable costs do not change, what is the new break-even point in dollars? In units? x Answer is complete but not entirely correct. a. Break-even point in dollars $ 1,600,000 a. Break-even point in units 32,000 b. Sales in dollars $ 1,800,000 b. Sales in units 36.000Required Use the contribution margin ratio approach and consider each requirement separately. a. What is the break-even point in dollars? In units? b. To obtain a profit of $40,000, what must the sales be in dollars? In units? c. If the sales price increases to $80 and variable costs do not change, what is the new break-even point in dollars? In units? x Answer is complete but not entirely correct. a. Break-even point in dollars 1,600,000 a. Break-even point in units 32,000 b. Sales in dollars $ 1,800,000 b. Sales in units 36,000 c. Break-even point in dollars $ 640,000 c. Break-even point in units 6,400 X