Question 2 (9 points) The Sandy Hook Knitting Company sells a unique winter wool. In the previous year, the operating results were as follows: Sales (3,000 units) Variable expenses Fixed expenses $90,000 72,000 12,240 Required: 1. Calculate the contribution margin per unit. (2 marks) 2. Calculate the breakeven point in units. (2 marks) 3. Calculate the margin of safety in units. (2 marks) 4. What does your answer to part 3. indicate to management? (1 mark) 5. Estimate the change in operating income if the company increases total sales by 300 units. (2 marks) fo Format v U A 5/2 10