For McNamaraCo, sales is $3,000,000, fixed expenses are $900,000, and the contribution margin ratio is 36%. What required sales in dollars to eam a target net income of $600,000? Select one OA. $2,500,000 OB. $8,333,333 OC. $1,666,667 OD. $4,166,667 The margin of safety tells a company how far sales can drop before it will be operating at a loss. Select one O True O False The margin of safety ratio is Select one O A. margin of safety in dollars divided by expected sales. OB expected sales less break-even sales. OC. margin of safety in dollars divided by break even sales. OD. expected sales divided by break even sales. The CVP income statement classifies costs Select one: OA. by function and computes a gross margin. OB. as variable or fixed and computes gross margin. OC. by function and computes a contribution margin. OD. as variable or fixed and computes contribution margin Walsh's Cost Volume Profit income statement included sales of 5,000 units, a selling price of $100, variable expenses of $60 per unit, and fixed expenses of $110,000. Contribution margin is Select one: OA. $90,000. OB. $500,000. OC. $200,000 OD. $800,000