E$4\mathrm{.}4$ Meeker Company is developing a new product. The selling price has not yet been determined,

nor are the variable costs per unit known. The fixed costs are $$600,000.$ Management plans to

set the selling price so that variable cost is $55$ percent of the selling price.

A$.$ What is the contribution margin ratio?

B$.$ What is the breakeven point in dollars?

C$.$ If management desires a profit of $$50,000$ before taxes, what will total sales be$?$