Happy Feet produces spotts socks. The company has fxed expenses of $110000 and variable expenses of $1 to per package Each package sells for $2.20. Read the tepricments Requirement 1. Compute the contribution matgin per packege and the contribution margin rafa 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 earn a $27,500 operating income