How much sales are required to earn a target income of $200000 if total fixed costs are $400000 and the contribution margin ratio is 40% ? $1000000$1500000$1100000$500000 Mark is considering opening a Fast'n Clean Car Service Center. He estimates that the following costs will be incurred during his first year of operations: Rent $9,200, Depreciation on equipment $7,000. Wages $16,556, Motor oil $2 per quart. He estimates that each oil change will require 5 quarts of oil. Oil filters will cost $3.00 each. He must also pay The Fast 'n Clean Corporation a franchise fee of $1.10 per oil change since he will operate the business as a franchise. In addition, utility costs are expected vary with the quantity of oil changes a follows: Current Attempt in Progress In September, Carla Vista Industries sold 840 units of product. The average sales price was $50. During the month, fixed costs were $8.310 and variable costs were 70% of sales. (a) Determine the contributioh margin in dollars, per unit, and as a ratio. (Round Contribution margin to 0 decimal places, es. 5.275. Other all answers to 2 decimal ploces, eg. 52.75. Contribution margin (in dollars) $ Unit contribution margin Contribution margin ratio