Wesley Company manufactures and sells a single product. The company's Income statement at sales level of 30,000 units for last quarter follows: Less: Variable expenses Contribution margin Less: Fixed expenses Net operating income Break-even point in units sold Break-even point in sales dollars Required: 1. What is the monthly break-even point in units sold and in sales dollars? (Round your Intermediate calculations and final answers to the nearest whole number) Total contribution margin Total $1,200,000 840,000 360,000 2. Without resorting to computations, calculate the total contribution margin at the break-even point for the quarter. Units sold to attain target profit 66.968 3-a. How many units would have to be sold each quarter to earn a target profit of $24,000? Use the formula method. Sales Break-even Point 5 3-b. Verify your answer by preparing a contribution format Income statement at the target level of sales. Total 317,040 317,040 Unit