Sales$ $96,000$$ $48,000$$ $144,000$Variable expenses$29,8006,20036,000$Contribution margin$ $66,200$$ $41,800108,000$Fixed expenses $86,850$Net operating income $ $21,150$

Required:$1.$ What is the overall contribution margin $($CM$)$ ratio for the company?

$2.$ What is the company's overall break$-$even point in dollar sales?

$3.$ Prepare a contribution format income statement at the company's break$-$even point that shows the appropriate levels of sales for the two products.