Use the following information to answer questions 2, 3, and 4

Texas Co. reports fixed cost of $500,000, variable cost per unit $12 and a sale price of $16 per unit.

2. What is Contribution Margin (CM) and Contribution Margin ratio (CM%) of the Company?

A. $4 and 25%

B. $4 and 75%

C. $8 and 50%

D. $14 and 25%

answer is B

3. What is Texas Cos Break Even Point in units and dollars

A. 125,000 units and $1,500,000

B. 125,000 units and $2,000,000

C. 120,000 units and $1,440,000

D. 120,000 units and $1,920,000

4. How many units should Texas Cos sell in order to target an operating income of $100,000

A. 125,000 units

B. 120,000 units

C. 150,000 units

D. 175,000 units

I need help with questions 3 and 4 only with steps if possible