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Wesley Company manufactures and sells a single product. The company's sales and expenses for last quarter follow: Total $490,000 294,000 Per Unit $70 Sales Less: Variable expenses Contribution margin 196,000 $28 Less: Fixed expenses 140,000 Net operating income $ 56,000 5. What is the company's CM ratio? If quarterly sales increase by $19,600 and there is no change in fibed expenses, by how much would you expect quarterly net operating income to increase? (Do not prepare an income statement, use the CM ratio to compute your answer.) CM ratio Increased net income 40% 122,077 $ Required: 1. What is the quarterly break-even point in units sold and in sales dollars? Break-even point in units sold Break-even point in sales dollars: $ 5,000 350,000 2. Without resorting to computations, calculate the total contribution margin at the break-even point. Total contribution margin $ 140,000 3. How many units would have to be sold each quarter to earn a target profit of $98,000? Use the formula method. Units sold to attain target profit 8,500