Wesley Company manufactures and sells a single product. The company's income statement at sales level of 15,000 units for las quarter follows: Salos Less: Variable expenses Contribution margin Less: Fixed expenses Net operating income Total $600,000 420,000 180,000 146,520 $ 33,480 Required: 1. What is the monthly break-even point in units sold and in sales dollars? Break-even Point Break even point in units sold Break even point in sales dollars 3-a. How many units would have to be sold each quarter to earn a target profit of $12,000? Use the formu Units sold to attain target profit y 3-b. Verify your answer by preparing a contribution format Income statement at the target level of sales. Total Unit Sales 0 0 You skipped this question in the previous attempt. 4. Refer to the original data. Compute the company's margin of safety for the quarter in units, in dollars and as a percentage of last quarter's sales. (Round "Percentage" answer to 1 decimal place, (i.e., 0.123 should be considered as 12.3%).) Units Dollar Percentage Margin of safety 5. What is the company's CM ratio? If quarterly sales decrease by $80,000 and there is no change in fixed expenses, what would you expect the quarter's net operating income to be? (Do not prepare an income statement, use the CM ratio to compute your answer) CM ratio Nel operating incomo