Tandem Bikes manufactures exercise bicycles built for two. It sells a cycle for $196 (custom painted in your color choice). The costs associated with Tandem's production are: Fixed costs (per year) Administrative labor $50000 Utilities 5000 Plant Overhead 65000 TOTAL $120000 Variable Costs per bike Materials $30 Mfg. Labor 24 Assembly labor 8 Packing material 3 Packing labor 2 Shipping cost 10 TOTAL $77 Note: this is $10000 per month. 1. The cost of utilities doubles (annual fixed costs are now $125000 which is $10416.67 per month). What is the new monthly breakeven quantity? 2. What is the Contribution Margin Ratio (CMR), using the costs used in #3? 3. You believe you can sell only 80 bikes a month. Using the costs from #3, what price must be charged per bike to break even selling only 80 bikes per month? 4. Using the original selling price of $196 and costs used in #3, compute a DOL for a 100 unit monthly level of production