Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $308,000 215,600 92,400 75,600 $ 16,800 Per Unit $ 14 $6 20 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at breakeven point? 3- How many units would have to be sold each month to earn a target profit of a. $30,600? Use the formula method. 3- Verify your answer by preparing a contribution format income statement at the target b. sales level. DA 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. Round your percentage answer to 2 decimal places (le 1234 should be entered as 12.34). Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Contribution margin Fixed expenses Net operating income Total $308,000 215,600 92,400 75,600 $ 16,800 Per Unit $ 14 $6 20 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at breakeven point? 3- How many units would have to be sold each month to earn a target profit of a. $30,600? Use the formula method. 3- Verify your answer by preparing a contribution format income statement at the target b. sales level. DA 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. Round your percentage answer to 2 decimal places (le 1234 should be entered as 12.34).