Stratford Company distributes a lightweight lawn chair that sells for $40 per unit. Variable expenses are 25% of sales and fixed expenses total $768,000 annually. Required: Answer the following independent questions: 1. What is the product's CM per unit? Contribution margin per unit 99 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 $65,000 during the coming year due to increased demand By how much should net operating income increase? Increase in operating income