Suppose Morrison Corp.$\text{'}$s breakeven point is revenues of $$1,100,000.$ Fixed costs are $$660,000.$

Requirements

Compute the contribution margin percentage.

Compute the selling price if variable costs are $$16$ per unit.

Suppose $75,000$ units are sold. Compute the margin of safety in units and dollars.

What does this tell you about the risk of Morrison making a loss? What are the most likely reasons for

this risk to increase?

Requirement $1.$ Compute the contribution margin percentage.

Determine the formula for the contribution margin percentage.

Contribution margin

percentage $,$ Fixed costs $,$ Breakeven point in revenues

$($Enter percentage as a whole number.$)$

The contribution margin percentage is

Requirement $2.$ Compute the selling price if variable costs are $$16$ per unit.

Determine the formula used to calculate the selling price.

Selling

price $=$PLEASE FIND REQUIREMENT TWO FORMULA. Options from drop down are: $1,$ Breakeven point in revenues, contribution margin percentage, fixed costs, units, or variable costs per unit