Ideal Limited distributes a high$-$quality wooden bowl that sells for $$160$ per unit. Fixed expenses total $$1,023,000$ per year. Its operating results for last year were as follows:

Sales $$3,264,000$

LESS: Variable expenses $$1,938,000$

Contribution $1,326,000$

Fixed expenses $1,023,000$

Net operating income $303,000$

a$.$ Compute the product$$s contribution margin ratio.

b$.$ Determine the breakeven point in units and sales dollars.

c$.$ Compute the margin of safety in percentage. Interpret the result.

d$.$ Compute the degree of operating leverage based on the last year$$s sales.