KENTUCKY CORPORATION is a bookkeeping firm that helps business set up their computeri ystems for their business. The company charges $1,000 for the entire ackage and plans to file 1,500 setups next year. The company's proje tatement for the coming year is: Sales $1,500,000 Variable costs 1,050,000 Contribution margin 450,000 Less: fixed costs 240,000 1. Compute the contribution margin per setup. In words, what does this mean? 2. Calculate the break-even point in number of setups (round to the nearest whole unit, since it is not possible to do a partial setup). Explain in words what this indicates. 3. Calculate the contribution margin ratio and the break-even sales revenue. What is the meaning of contribution-margin ratio? 4. Construct a C-V-P graph for the company. 5. The company is concerned about the possibility that he may actually lose money this upcoming year and wants to know how much error there is in his forecast. By how many setups can his sales drop before he starts actually losing money