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Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Contribution margin Fixed expenses Operating income Total

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Menlo Company distributes a single product. The company's sales and expenses for last month follow: Sales Variable expenses Contribution margin Fixed expenses Operating income Total $ 480,000 220,000 260,000 200,000 $ 60,000 Per Unit $ 32 12 $ 20 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? (Do not round intermediate calculations.) Answer is complete and correct. Break-even point in unit sales Break-even point in sales dollars units 10,000 $ 320,000 2. Without resorting to computations, what is the total contribution margin at the break-even point? Answer is complete but not entirely correct. Total contribution margin $ 260,000

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