Menlo Company distributes a single product. The company's sales and expenses for last month follow: Total Per Unit Sales $ 320,000 $ 20 Variable expenses 224,000 14 Contribution margin 96,000 $ Fixed expenses 72,000 Net operating income $ 24,000 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? Break-even point in unit sales units Break-even point in sales dollars 2. Without resorting to computations, what is the total contribution margin at the break-even point? Total contribution margin3-8. How many units would have to be sold each month to earn a target prot of $32.4DD? Use the formula method. -:I 3-h. Verify your answer by preparing a contribution format income statement at the target sales level