Q3.From the given information compute the following for ABC company: Sales (30,000 units) $1,500,000 $50 Variable Expense 1200,000 40 Contribution Margin 300,000 $10 Fixed Expenses 220,000 Net Operating Income 80,000 Required: 1. Compute the company's CM ratio. 2. Compute company's Break Even Point in both unit sales and dollar sales. Use the formula method. 3. How many units would have to be sold each month to earn a target profit of $60,000? 4. If sales increase by $300,000 next year and there is no change in fixed expenses, by how much would you expect net operating income to increase? 5. Refer to original data. Compute company's margin of safety in both dollar and percentage form. 6. Compute company's degree of operating leverage at present level of sales. 7. If sales increase by 8.5%, by what percentage would you expect net operating income to increase