Need help with only requirement two. : Happy Feet produces sports socks. The company has fixed expenses of $$95,000$ and variable expenses of $$0\mathrm{.}95$ per package. Each package sells for $$1\mathrm{.}90.$

Read the requirements.

Requirement $1.$ Compute the contribution margin per package and the contribution margin ratio.

Begin by identifying the formula to compute the contribution margin per package. Then compute the contribution margin per package. $($Enter the amount to the

nearest cent.$)$

The contribution margin per package is

Compute the contribution margin ratio. $($Enter the ratio as a whole percent.$)$

Begin by identifying the formula to compute the contribution margin ratio.

The contribution margin ratio is

$\%.$

Requirement $2.$ Find the breakeven point in units and dollars.

Begin by identifying the formula to compute the breakeven sales in units using the contribution margin approach.

Requirements

Compute the contribution margin per package and the contribution margin

ratio.

Find the breakeven point in units and in dollars.

Find the number of packages Happy Feet needs to sell to earn a $$28,500$

operating income.