Problem 5-23A Basics of CVP Anlysis [LO5-1, LO5-3, LO5-4, LO5-5, LO5-8 Feather Friends, Inc., distributes a high-quality wooden birdhouse that sells for $20 per unit. Variable expenses are $8 per unit, and fixed expenses total $180,000 per year Required: Answer the following independent questions: What is the product's CM ratio? CM ratio 2. Use the CM ratio to determine the break-even point in dollar sales. Break-even point in sales dollars 3. Due to an increase in demand, the company estimates that sales will increase by $75,000 during the next year. By how much should net operating income increase (or net loss decrease) assuming th fixed expenses do not change? Net operating income 4. Assume that the operating results for last year were