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Suppose McKnight Corp.'s breakeven point is revenues of $1,100,000 Fixed costs are 5660,000 Requirements 1. Compute the contribution margin percentage. 2. Compute the seling price if variable costs are $16 per unit 3. Suppose 75,000 units are sold. Compute the margin of safety in units and dollars 4. What does this tell you about the risk of McKnight making a loss? What are the most likely reasons for this risk to increase? Requirement 1. Compute the contribution margin percentage Determine the formula for the contribution margin percentage. Contribution margin percentage