Owner Shen Lu is considering franchising her Noodles by Lu restaurant concept, She believes people will pay $6.00 for a large bow of noodles. Variable costs are $1.50 per bowl. Lu estimates monthly fixed costs for a franchise at $4,500. Read the requirements. Requirement 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in doliars. Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars using the contribution margin approach. (Enter a " 0 " for any zero balances. Abbreviation used: CM= contribution margin.) (+)= Required sales in dollars noodles. Variable costs are $1.50 per bowl. Lu estimates monthly fixed costs for a franchise at $4,500. Read the requirements. Requirements dollars. les dollars using 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars. 2. Lu believes most locations could generate $60,500 in monthly sales. Is franchising a good idea for Lu if franchisees want a minimum monthly operating income of $31,500 ? Explain your