This Question: 7 pts 22 of 26 (20 complete) Sport Ready produces sports socks. The company has fixed expenses of $75,000 and variable expenses of $0.75 per package. Each package sells for $1.50. Read the requirements Requirement 1. Compute the contribution margin per package and the contribution margin ratio Begin by identifying the formula to compute the contribution margin per package. Then compute Sales price per unit - Variable cost per ung - Contribution margin contribution margin per package. (Enter the amount to the nearest cent) The contribution margin per package is $ 0.75 Compute the contribution margin ratio (Enter the ratio as a whole percent.) Begin by identifying the formula to compute the contribution margin ratio. Contribution margin per unit Sales price per unit Contribution margin ratio The contribution margin ratio is % Requirement 2. Find the breakeven point in units and dollars. Begin by identifying the formula to compute the breakeven sales in units using the contribution margin approach Breakeven sales in units The breakeven point in unit is Find the breakeven point in dollars using the contribution margin approach Begin by identifying the formula to compute the breakeven point in dotars Choose from any ator enter any number in the input fields and then continue to the next question - MacBook Air Sport Ready produces sports socks. The company has fixed expenses of $75,000 and variable expenses of $0.75 per package. Em Read the requirements Compute the contribution margin ratio (Enter the ratio as a whole percent) Begin by identifying the formula to compute the contribution margin ratio Contribution margin per unit Sales price per unit Contribution margin ratio The contribution margin ratios Requirement 2. Find the breakeven point in units and dollars. Begin by identifying the formula to compute the breakeven sales in units using the contribution margin approach. Breakeven sales in units The breakeven point in units is Find the breakeven point in dollars using the contribution margin approach Begin by identifying the formula to compute the breakeven point in dollars. - Breakeven sales in dollars The breakeven point in dollars is $ Requirements. Find the number of packages Sport Ready needs to setocam a $24.000 operating income The number of packages to achieve an operating income of $24,000 is Choose from any stor enter any number in the input fields and then continue to the next question MacBook Air #