Happy Feet 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. Read the Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package. (Enter the amount to the nearest cent.) = Contribution margin per unit The contribution margin per package is Compute the contribution margin ratio. (Enter the ratio as a whole percent) Begin by identifying the formula to compute the contribution margin ratio. Requirements 1=Contributionmarginratio The contribution margin ratio is \%. Requirement 2. Find the breakeven point in units and dollars. Begin by identifying the formula to compute the breakeven sales in units using the contribution margin approach. 1. Compute the contribution margin per package and the contribution margin ratio. 2. Find the breakeven point in units and in dollars. 3. Find the number of packages Happy Feet needs to sell to eam a $22,000 operating income. The breakeven point in dollars is Requirement 3 . Find the number of packages Happy Feet needs to sell to earn a $22,000 operating income. The number of packages to achieve an operating income of $22,000 is