Question 3, E3-29 (similar to) ) HW Score: 0%, 0 of 25 points : Homework: Ch 3 QUIZ Part1 of7 0 Points: 0 of 5 Suppose Bailey Corp.'s breakeven point is revenues of $1,200,000. Fixed costs are $660,000. Requirements 1. Compute the contribution margin percentage 2. Compute the selling price if variable costs are $18 per unit. 3. Suppose 65,000 units are sold. Compute the margin of safety in units and dollars. 4. What does this tell you about the risk of Bailey making a loss? What are the most likely reasons for this risk to increase? Requirement 1. Compute the contribution margin percentage. Determine the formula for the contribution margin percentage. Contribution margin H I, percentage Help me solve this Etext pages Get more help A