Megalo Mart sold 1,000 units last month which yielded the income statement below. Sales Variable Expenses 12,000 Contribution Margin 8,000 Fixed Expenses $20,000 Net Income 6,000 $2,000 Answer the questions that follow using the given information. 1. What is Megalo Mart's contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the break-even point in units? 4. What is the break-even point in dollars? 5. How many units have to be sold to reach a target profit of $5,000?

Megalo Mart sold 1,000 units last month which yielded the income statement below. Answer the questions that follow using the given information. 1. What is Megalo Mart's contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the break-even point in units? 4. What is the break-even point in dollars? 5. How many units have to be sold to reach a target profit of $5,000