Hunter McKnight is evaluating a business opportunity to sell grooming kits at dog shows. Hunter can buy the grooming kits at a wholesale cost of $33 per set. He plans to sell the grooming kits for $73 per set. He estimates fixod costs such as travel costs, booth rental cost, and lodging to be $720 per dog show Requirements 1. Determine the number of grooming kits Hunter must sell per show to breakeven. 2. Assume Hunter wants to eam a profit of $1,080 per show. a. Determine the b. Determine the sales volume in dollars necessary to earn the desired profit. C. Using the contribution margin format, prepare an income staterment (condensed versian) to confirm your answers to parts a and b. sales volume in units necessary to eam the desired profit. 3. Determine the margin of safety between the sales volume at the breakeven point and the sales volume required to eam the desired profit. Determine the margin of safety in both sales dollars, units, and as a percentage. Hunter must sell 18 grooming kits per sh Requirement 2a. Determine the sales vol Hunter must sell 45 graoming kits p sh Margin of safety in units b. Determine the sales volume in dollars n Begin by identifying the formula to comput Variable cost Breakeven sales in units Fixed cost ired profit assuming Hunter wants to earn a profit of $1,080 per show Sale price per unit Target sales in units uming Hunter wants to earn a profit of $1,080 per show. y to earn the desired profit. Target sales in dollars