Team Spirit imprints calendars with college and university names. The company has fixed expenses of $1,035,000 each month plus variable expenses of $3.60 per carton of calendars. Of the variable expense, 70% is cost of goods sold, while the remaining 30% relates to variable operating expenses. Team Spirit sells each carton of calendars for $10.50. Question 4 (4 points) Saved Use the equation approach to compute the number of cartons of calendars that Team Spirit must sell each month to break even. (4 marks) At break even point, Total Costs = Total Revenue FC + VC'Q - SP Q Where Q is the number of units to be sold to break even 1035000 + 3.60 = 10.50 Q-1500000 units Break even units - 1500000 units I Question 5 (4 points) Use the contribution margin short cut formula to compute the dollar amount of monthly sales Team Spirit needs in order to earn $285,000 in operating income.(Hint you must calculate contribution margin and contribution ratio first) (4 marks) MacBook Air a DI 1 F2 F3 F4 F7 FS F6 FB