Trendy Toes Co. produces sports socks. The company has fixed costs of $85,680 and variable costs of $0.68 per package. Each package sells for $1.70. 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. 1. 2. Requirement 1. Compute the contribution margin per package and the contribution margin ratio. Begin by selecting the labels and entering the amounts to compute the contribution margin per package. (Round all amounts to two decimal places. Abbreviation used CM per unit Now select the labels and enter the amounts to calculate the contribution margin ratio. (Enter amounts in the formula to two decimal places. Enter the contribution margin contribution margin.) CM ratio Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach. Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to two a Abbreviation used CM contribution margin.) Choose from any list or enter any number in the input fields and then continue to the next question Trendy Toes Co. produces sports socks. The company has fixed costs of $85,680 and variable costs of $0.68 per package. Each package sells for $1.70. 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. 1. 2. Now select the labels and enter the amounts to calculate the contribution margin ratio. (Enter amounts in the formula to wo decimal places. Enter the contnbution ma contribution margin.) CM ratio Requirement 2. Find the breakeven point in units and in dollars, using the contribution margin approach Begin by selecting the labels and entering the amounts to find the breakeven point in units, using the contribution margin approach. (Enter amounts in the formula to tw Abbreviation used: CM= contribution margin.) Required sales in units +. %3! Now find the breakeven point in dollars using the contribution margin approach. Begin by selecting the formula, and in the next step, enter the amounts and calculate bre - Required sales in dollars Choose from any list or enter any number in the input fields and then continue to the next