Recent studies have shown that Nike should consider re-issuing their Nike-Air Zooms line of sneakers as there is an increased demand for them and the style in the shoe market. Price and Cost data for the product is as follows: Sales Price $28.00 Variable Costs (per unit): Direct Materials 11.50 Direct Labor 11.00 Variable overhead 5.20 Variable selling and admin 2.80 30.50 Fixed Costs (in total) Fixed Overhead Fixed Selling and admin 175,000 252,000 427,000 Requirement 1: What is the company's contribution margin per unit and CM ratio Requirement 2: How many units would the company need to sell in order to breakeven? How much in sales revenue would it need to break even? Requirement 3: If the company wanted to earn a target profit of $287,000, how much in total units and sales revenue would it need to generate? Requirement 4: If Nike expects to sell 70,000 units during next monthm what is the margin of safety in dollars and as a percentage Requirement 5: Prepare a CVP graph up to a sales level of 90,000 units, label the breakeven point, along with the profit and loss areas on the graph Requirement 6: Prepare a CM format income statement at the breakeven point (no heading needed)