QUESTION 1 If contribution margin ratio is 40% and the total fixed cost is $280,000, the breakeven point in dollars will be: O $700,000 $112,000 $812,00 O $1,120,000 QUESTION 2 A company sells a product for $17 each. The variable costs per unit is $11. The contribution margin per unit is: $6 $12 $14 $8