QUESTION: T&H Manufacturing Company produces and a single product. Its current sales are $500,000. The company's accountant provided the following information: Selling price per unit Manufacturing costs Selling costs Administrative costs Required: $40.00 $100,000+40% sales $30,000+10% sales $45,000+10% sales 1. Compute the product's contribution margin ratio. 2. Compute the company's current net income. 3. Compute the product's break-even point in dollars and units. 4. Compute the amount of revenue necessary to earn $60,000 in profit. 5. Compute the unit contribution margin. 6. Compute the company's current margin of safety ratio. 7. Should the company accept a proposal that increases sales by 20% and total fixed costs by 25%? THE END