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Suppose Lattin Corp.'s breakeven point is revenues of $1,600,000. Fixed costs are $640,000. Requirements 1. Compute the contribution margin percentage. 2. Compute the selling

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Suppose Lattin Corp.'s breakeven point is revenues of $1,600,000. Fixed costs are $640,000. Requirements 1. Compute the contribution margin percentage. 2. Compute the selling price if variable costs are $15 per unit. 3. Suppose 95,000 units are sold. Compute the margin of safety in units and dollars. 4. What does this tell you about the risk of Lattin making a loss? What are the most likely reasons for this risk to increase?

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