Nolan Johnson is evaluating a business opportunity to sell premium car wax at vintage car shows. The wax is sold in 64-cu tubs Nolan can buy the premium wax at a wholesale cost of $32 per tube plans to the premium wax for $62 per tub He estimates fixed costs such as travel costs, booth rental cost and lodging to be $600 per or show Read the requirements Requirement 1 Determine the number of tubs Nolan motel per how to break even Bogin by entrying the formula to compute the sales in unito at vwlon levels of operating income using the contribution margin oproach Sale in un Requirements 1. Determine the number of tubs Nolan must sel per show to break even 2. Assume Nolan wants to com a profit of $900 per show a. Determine the sales volume in units necessary to earn the desired profit b. Determine the sales volume in dotare necessary to cam the desired profit Using the contribution margin format, prepare an income statement (condensed version) to confirm your answers to parts and b. 3. Determine the margin of safety between the sales volume at the breakeven point and the sales volume required to earn the desired profit Deermine the margin of safety in both sales dollars. units, and as a percentage Choose from any drop-down list and then click Check Answer Print Done Clear All Check Answer 11 parts nominim