Question 7 (4 points) Assume the following information: Selling price per unit Contribution margin ratio Total fixed costs $200 50% $275,000 How many units must be sold to generate a profit of $50,000? 2,500 units 0 4,000 units 3,250 units 2,750 units Hill & Scott Company sells a product for $23. Variable costs are $15 per unit, and total fixed costs are $7,000. How many units must be sold by Hill & Scott to earn a profit of $1,000? 62 units 1,040 units 1,400 units 1,000 units Sales and variable costs for North Corporation are $70,000 and $34,000, respectively. If the degree of operating leverage is 8, what is net operating income? $6,300 $2,000 $7,100 $4,500