If Fixed Costs are $20,000 and Variable Cost per unit is $1.50 and we sell our product for $5.00 per unit, Calculate the following (show your work!):

1.Contribution Margin per Unit (CMPU)

2.Contribution Margin Ration (CMR)

3.Break Even in Units (BEP)

4.Break Even in Sales (BES)

5.How many units do we need to sell if we want Net Income to be $25,000?