Wesley Company manufactures and sells it single product. The company's income statement at sales level of 15.000 units for last quarter follows: Sales Less: Variable expenses Contribution margin 180,000 Less: Fixed expenses Milo. Net operating income R? : ____.4___8_Q w Required: 1. What is the monthly breakeven point in units sold and in sales dollars? 2. Without resoning to computations, calculate the total contribution margin at the breakeven point. 3 . How many units would have to be sold each quarter to earn a target prot of $12,000? Use the formula method. Verify your answer by preparing a contribution format income statement at the target level of sales. 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. What is the company's CM ratio? If quarterly sales decrease lay (Do not prepare an income statement: use the CM ratio to compute your answer.) $80,000 and there is no change in xed expenses. what would you 'Ji expect the quarter's net operating income to be