Ten Toes produces sports socks. The company has fixed expenses of $$80,000$ and variable expenses of $$0\mathrm{.}80$ per package. Each package sells for $$1\mathrm{.}60.$

ead the requirements

Requirements

Compute the contribution margin per package and the contribution margin ratio,

Find the breakeven point in units and in dollars.

Find the number of packages Ten Toes needs to sell to earn a $$25,000$ operating income.