K Owner Su Lo is considering franchising her Happy Wok restaurant concept. She believes people will pay $4.75 for a large bowl of noodles. Variable costs are $1.90 a bowl Lo estimates monthly fixed costs for franchisees at $8,850 Requirements 1. Use the contribution margin ratio shortcut approach to find a franchisee's break-even sales in dollars 2. Is franchising a good idea for Lo if franchisees want a minimum monthly operating income of $6,000 and Lo believes most locations could generate $34,000 in monthly sales? Requirement 1. Use the contribution margin ratio shortcut approach to find a franchisee's break-even sales in dollars Begin by identifying the formula to compute the sales in units at various levels of operating income using the contribution margin approach Fixed expenses Operating income (Round your answer up to the nearest whole dollar.) Contribution margin ratio Break-even sales in dollars The break-even sales in dollars is $ 24750 Requirement 2. Is franchising a good idea for Lo if franchisees want a minimum monthly operating income of $6,000 and Lo believes most locations could generate on in month? Requirement 2. Is franchising a good idea for Lo if franchisees want a minimum monthly operating income of $6,000 and Lo believes most locations could generate $34,000 in monthly sales? The target sales in dollars to reach the minimum monthly operating income for franchisees is $ Su Lo's franchising concept is not a good idea. She expects most locations the sales required to earn the target profit