For the current year, Mercer Inc. has $500,000 of sales. Variables costs are 40% of sales and fixed costs are $180,000.

A - What is the contribution margin ratio? $ %

B - What are total variable costs at the current sales level? $

C - What is the contribution margin at the current sales level? $

D - What is the break-even point in sales dollars? $

E - What is the contribution margin at the break even point? $