Trendy Ten Co produces sports socks. The company has fixed costs of $$91,080$ and variable costs of $$0\mathrm{.}81$ per package Each package sells for $$1\mathrm{.}80$

Requirements

Compute the contribution margin per package and the contribution margin ratio $($Round your answers to two decimal places$)$

Find the breakeven point in units and in dollars, using the contribution margin approach.

Requirement $1.$ Compute the contribution margin per package and the contribution margin ratio

$\backslash$table$[[$Net sales revenue per unit,,costs per unit,$=,$CM per unit$],[1\mathrm{.}80,$$$,081,=,0\mathrm{.}99]]$

Abbreviation used. $CM=$ contribution margin $.)$

Requirement $2.$ Find the breakeven point in units and in dollars, using the contribution margin approach. amounts. Abbreviation used: $CM=$ contribution margin $)$