Problem 3-28 The Sheridan Company sells sports decals that can be personalized with a players name, a team name, and a jersey number for $9.00 each. Sheridan buys the decals from a supplier for $2.50 each and spends an additional $0.70 in variable operating costs per decal. The results of last months operations are as follows:

Sales revenue $13,500

Cost of goods sold 3,750

Gross profit 9,750

Operating expenses 3,200

Operating income $6,550

calculate contribution margin per unit. (Round answer to 2 decimal places, e.g. 0.38.)

Contribution margin per unit in $_______ per unit.

What is Sheridans monthly break even point in units? In dollars? (Use your answer of breakeven units to calculate the breakeven point in dollars. Round Breakeven units and point in dollar to 0 decimal places, e.g. 25,000.)

Break even point per ________ unit

Break even sales $_________

What is Sheridans margin of safety? (Round answers to 0 decimal places, e.g. 25,000.)

Margin of safety ________ units

Margin of safety $________