Viejol Corporation has collected the following information after its first year of operations. Sales were $1,600,000 on 100,000 units, selling expenses $250,000 (40\% variable and 60% fixed), direct materials $490,000, direct labor $290,000, administrative expenses $270,000 (20\% variable and 80% fixed), and manufacturing overhead $380,000 (70\% variable and 30% fixed). Top management has asked you to do a CVP analysis so that it can make plans for the coming year. It has projected that unit sales will increase by 10% next year. Compute (1) the contribution margin for the current year and the projected year, and (2) the fixed costs for the current year and the projected year. Unit selling price, unit variable costs, and fixed costs are estimated to remain unchanged. (1) Contribution margin for current year $ Contribution margin for projected year $ (2) Total fixed costs $ eTextbook and Media Assistance Used Attempts: 1 of 3 used Question Part Score 1.25/1.25 (b) Compute the break-even point in sales units and sales dollars for the current year. The company has a target net income of $145,000. What is the required sales in dollars for the company to meet its target? Sales dollars required for target net income $ If the company meets its target net income number, by what percentage could its sales fall before it is operating at a loss? That is, what is its margin of safety ratio? (Round answer to 1 decimal place, e.g. 10.5.) Margin of safety ratio %