Ivanhoe Manufacturing Ltd. has provided you with the following CVP income statement. $1,006,400 Sales (1,480 units) Variable costs: 451,400 Cost of goods sold Selling expenses Administrative expenses 87,320 65,120 Contribution margin 402,560 Fixed costs: Cost of goods sold 148,000 54,760 Selling expenses Administrative expenses 34,040 Operating income $165.760 Calculate the contribution margin ratio. (Round answer to 2 decimal places, e.g. 15.25%.) Contribution margin ratio % eTextbook and Media Calculate the break-even point in sales dollars and number of units. (Round answers to decimal places, eg, 1,525.) In dollars In units Break-even point e Textbook and Media