Happy Feet produces sports socks. The company has fixed expenses of $60,000 and variable expenses of $1.05 per package. Each package sels for $2.45 Requirements 1. Compute the contribution margin per package and the contribution margin ratio 2. Find the break-even point in units and in dollars using the contribution margin shortcut approaches 3. Find the number of packages Happy Feet needs to sell to eam a $33,000 operating income Requirement 1. Compute the contribution margin per package and the contribution margin ratio Begin by identifying the formula that finds the contribution margin per package and then calculate the value (Round your answers to the nearest cent.) Contribution margin per unit Calculate the contribution margin ratio. First, identity the formula that finds the contribution margin ratio and then calculate the value. (Round the final answer to two decimal places, X.XXX) Contribution margin rabo Requirement 2. Find the break-even point in units and in dollars using the contribution margin shortcut approaches Begin by identifying the formula that finds the break-even sales in units using the contribution margin approach. Then calculate the break-even sales in units (Round your answer up to the nearest whole unit. For amounts with a zero balance, make sure to enter "0" in the appropriate cell.) Choose from any list or enter any number in the input fields and then continue to the next question Break-evon sales in units