Overlook Inn is a small bed and breakfast inn located in France. The charge is $80 per person for one night's lodging and a full breakfast in the morning. The owners estimate that the variable expense per person is $30. This includes such expenses as food, maid service and utilities. The inn has fixed expenses total $32,000 per year

1) compute contribution margin

2) compute contribution margin ratio

3) Compute the Break Even point in units contribution margin approach

4) Compute the Break Even Point in Dollars

5) compute the units of service required to earn a target net profit of $40,000 for the year