Stratford Company distributes a lightweight lawn chair that sells for $20 per unit. Variable expenses are 30% of sales, and fixed expenses total $420,000 annually. Required: Answer the following independent questions: 1. What is the product's CM per unit? 8 01:26-35 Contribution margin per unit 2. Use the CM per unit to determine the break-even point in units. Break-even point in units 3. The company estimates that sales will increase by $105,000 during the coming year due to increased demand. By how much should net operating income increase? Increase in operating income