Exercise 4-3 Computing and Using the Contribution Margin Ratio; Computing the Break-Even Point [LO3, L05] In March, Mitchell Limited had sales of $435,500 (67,000 units), total variable expenses of $265,655, and total foed expenses of $105,300. Required: 1. What is the company's CM ratio? CM ratio % 2. Calculate the break-even level of sales in dollars. Break-even level of sales in dollars Saved Help Save & Exit Submit 2. Calculate the break-even level of sales in dollars. Break-even level of sales in dollars 3. Estimate the change in the company's operating income if it increased its total sales by $25,350. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Original New Operating income