Wesley Company manufactures and sells a single product. The company's income statement at sales level of 20,000 units for lost quarter follows: Sales Less: Variable expenses Contribution margin Less: Fixed expenses Net operating income Total $1,000,000 600,000 400,000 260.000 $ 140,000 Required: 1. What is the monthly break-even point in units sold and in sales dollars? (Round your intermediate calculations and final onswers to the nearest whole number.) Break-even Point Break-even point in units sold Break-even point in sales dollars 2. Without resorting to computations, calculate the total contribution margin at the break-even point for the quarter. Total contribution margin 3-o. How many units would have to be sold each quarter to earn a target profit of $80,000? Use the formula method. Units sold to attain target profit 3-6. How many units would have to be sold each quarter to earn a target profit of 580,000? Use the formule method Units sold to allot profit 3-b. Verify your answer by preparing a contribution format income statement at the target level of sales Total Liit Sales 340,000 D S 340,000 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, le., 0.123 should be considered as 12.341) Units Dollars Percentage Margin of safety 5. What is the company's CM ratio? if quarterly sales decrease by $40,000 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 Not operating income