Sharp Company makes and sells pencil sharpeners. The variable cost of each sharpener is $20. The sharpeners are sold for $30 each. Fixed operating expenses amount to $40,000. Requilred a. Determine the breakeven point in units and sales dollars. b. Determine the sales volume in units and dollars that is required to attain a profit of $12,000. Verify your answer by preparing an income statement using the contribution margin format. c. Determine the margin of safety between sales required to attain a profit of $12,000 and break-even sales. d. Prepare a breakeeven graph using the cost and price assumptions outlined above. Sharp Company makes and sells pencil sharpeners. The variable cost of each sharpener is $20. The sharpeners are sold for $30 each Fixed operating expenses amount to $40,000. Required 0. Determine the break-even point in units and sales dollars. b-1. Determine the sales volume in units and dollars that is required to attain a profit of $12.000 b.2. Prepare an income statement using the contribution margin format to verify your answet. c. Determine the margin of safety between sales required to attain a profit of $12.000 and break-even sales