P20-37A Calculating cost-volume-profit elements The budgets of four companies yield the following information: Company Valley Lake (d) 1,050,000 $ 60,000 232,000 Beach Mountain $1,615,000 Net Sales Revenue Variable Costs Fixed Costs Operating Income (Loss) Units Sold Contribution Margin per Unit $ Contribution Margin Ratio 525,000 100,800 260,000 285,600 31,500 170,000 10,000 3.80 $ (f) $ 75.00 9.00 80% 30% Requirements 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent.) 2. Which company has the lowest breakeven point in sales dollars? 3. What causes the low breakeven point