QUESTION 7 Lulu company makes sport shoes that sell for $56 each. For the coming year, management expects fixed costs to total $320,000 and variable costs to be $42 per unit. Compute the following: - (a) Break-even point in dollars using the contribution margin (CM) ratio. (b) The margin of safety assuming actual sales are $1,382,400. (c) The sales dollars required to earn net income of $410,000 For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac)