Megalo Mart sold 1,000 units last month which yielded the income statement below. Sales $20,000 Variable...

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Megalo Mart sold 1,000 units last month which yielded the income statement below. Sales $20,000 Variable Expenses 12,000 Contribution Margin 8,000 6.000 Net Income $2,000 Answer the questions that follow using the given information. 1. What is Megalo Mart's contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the break-even point in units? 4. What is the break-even point in dollars? 5. How many units have to be sold to reach a target profit of $5,000? Fixed Expenses Megalo Mart sold 1,000 units last month which yielded the income statement below. Sales $20,000 Variable Expenses 12,000 Contribution Margin 8,000 6.000 Net Income $2,000 Answer the questions that follow using the given information. 1. What is Megalo Mart's contribution margin per unit? 2. What is the contribution margin ratio? 3. What is the break-even point in units? 4. What is the break-even point in dollars? 5. How many units have to be sold to reach a target profit of $5,000? Fixed Expenses