This Question: 15 pts 17 of 27 (11 complete) This Test: 215 pts possibl Owner Yinan Song is considering franchising her Noodles for a Song restaurant concept. She believes people will pay $6.00 for a large bowl of noodles. Variable costs are $1.50 per bowl. Song estimates monthly fixed costs for a franchise at $4,500 Requirements 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars 2. Song believes most locations could generate $30,000 in monthly sales. Is franchising a good idea for Song if franchisees want a minimum monthly operating income of $16,500? Requirement 1. Use the contribution margin ratio approach to find a franchise's breakeven sales in dollars. Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars using the contribution margin approach. (Enter a "O" for any zero balances. Abbreviation used: CM- contribution margin.) Required sales in dollars )1 Requirement 2. Song believes most locations could generate $30,000 in monthly sales. Is franchising a good idea for Song if franchisees want a minimum monthly operating income of $16,500? Begin by showing the formula and then entering the amounts to calculate the targeted sales dollars required to earn the minimum monthly operating income of $16,500. (Abbreviation used: CM contribution margin.) Required sales in dollars Is franchising a good idea for Song if franchisees want a minimum monthly operating income of $16,500? Since the predicted monthly sales of $30,000 are ? the amount of sales necessary to generate a minimum monthly operating income of S165 Songs franchising concept ? a good idea