Klein Company distributes a high-quality bird feeder that sells for $50 per unit. Variable costs are $20 per unit, and fixed costs total $480,000 annually. Required: Answer the following independent questions: 1. What is the product's CM ratio? ok CM ratio ht ] nces % 2. Use the CM ratio to determine the break-even point in sales dollars. Break-even point in sales dollars 3. The company estimates that sales will increase by $65,000 during the coming year due to increased demand. By how much should operating income increase? Operating income increases by 4. Assume that the operating results for last year were as follows: Sales Variable expenses Contribution marain $1,000,000 424,000 576.000