Wallace corporation has provided you with the following financial data: Selling priceper unit $100,$Unit variable cost $40,$ planned unit sales $5000$ units, break even point is $3,000$ units

$$Compute the total fixed cost. b Compute the contribution margin ratio. C Calculate the margin of safety in units and sales dollars. D Wallace corporation profit objective for the period is to earn a target operating income of $114,000.$ How many units must be sold to achieve this goal. E As a result of reorganizing the production process, wallace corporation was able to reduce variable cost per unit to $35$ but this resulted in an increase in total fixed cost to $122,500.$ what must the new selling price per unit be if the company wishe to meet the target operating income of $114,000,$ assuming the same number of units is calculated in $($D$)$ above.