Problem 5-23 Basics of CVP Analysis LO5-1, LO5 3, LO5-4, LO5-5, Lo5-8 Feather Friends, Inc, ,distrbutes a hight-qualty wooden birdhouse that sells for $40 per unit Variable expenses are $20.00 per unit, and fixed expenses total $180,000 per year Required: Answer the following independent questions 1. What is the product's CM ratio? 50 % 2 Use the CM ratio to determine the break-even point in dollar sales. $ 360,000 02 8 9 5 6