Exercise 3- Answer questions 7,8 and 9 using the information below: Alco Sheep, Inc. sells sheep during the major holiday seasons. During the current year, 11,000 sheep were sold resulting in $220,000 of sales revenue, S55,000 of variable costs, and $24,000 of fixed costs. 7) Contribution margin per sheep is: 8) Breakeven point in units is: - 1. Ace063201 9) The number of sheep that must be sold to achieve $75,000 of operating income is