(Show column for total amounts only.) Would you make the P5.5 (LO 3,4,5), AN Viejol Group has collected the following information after its first year of sales. Sales were 1,600,000 on 100,000 units, selling expenses 250,000 (40% variable and 60% fixed), direct materials 490,000, direct labor 290,000, administrative expenses 270,000 (20% variable and 80% fixed), and manufacturing overhead 380,000 (70% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. Instructions a. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year. (Assume that fixed costs will remain the same in the projected year.) b. Compute the break-even point in units and sales for the current year. c. The company has a target net income of 200,000. What is the required sales for the company meet its target? d. If the company meets its target net income number, by what percentage could its sales fall before it is operating at a loss? That is, what is its margin of safety ratio? to