Happy Toes produces sports socks. The company tas foced expenses of $80,000 and variable expenses of $0 so per package. Each package sela for $1,80 Read the recitements. Requirement 1. Compute the contribution margin per poclape and the contribution margin ratio: Begin by computing the contribusion magin per package. Then compute the contrisution margin per package. (Enter the arnount to vie nearast cent) The contribution margin per package is Compule the contritusion margin ratio. (Exter the tato as a whole peccent) The cointribution margirs tats is Requirement 2. Find the broakmen point in unds and dollars. Begin by computing the breakeven sales in unts uting the contribution margin approach. The beasewen tion in ceriss is Find the treakevee poirt in dollers uting the contribution margin appeoach. The breakeven point in dolars is Retuifrement 3. Find the number of paciages Happy Toes needs to sedl io eam a $2.5,000 operating income. The number of packages io achieve an eperaeng income of $25,000 is