Find breakeven and target profit volume (Learning Objectives 1 & 2) Socks Unlimited produces sports socks. The company has fixed expenses of $85,000 and variable expenses of $1.20 per package. Each package sells for $2.00. Requirements Compute the contribution margin per package and the contribution margin ratio. Find the breakeven point in units and in dollars. Find the number of packages Socks Unlimited needs to sell to earn a $22,000 operating income. Continuation of E7 - 21A: Changing costs (Learning Objective 3) Refer to Sock Unlimited in E7-21A. If the company can decrease its variable costs to $1.00 per package by increasing its fixed costs to $100,000, how many packages will it have to sell to generate $22,000 of operating income? Is this more or less than before? Why