Prima Step Co$.$ produces sports socks. The company has fixed costs of $$75,000$ and variable costs of $$0\mathrm{.}75$ per package. Each package sells for $$1\mathrm{.}50.$

Requirements

Compute the contribution margin per package and the contribution margin ratio. $($Round your answers to two decimal places.$)$

Find the breakeven point in units and in dollars, using the contribution margin approach.

Requirement $1.$ Compute the contribution margin per package and the contribution margin ratio.

$-,CM$ per unit

$-,=|$

$,=CM$ ratio

$,=,\%$

Requirement $2.$ Find the breakeven point in units and in dollars, using the contribution margin approach.