Given the following information complete a CVP analysis for JPL, Inc.: Unit sales 11,200 units Selling price per unit $75 per unit 5 Variable expenses per unit $45 per unit 7 Fixed expenses $210,000 3 Required: Use the data to answer the following. 1 -2 (Use cells A4 to C7 from the given information to complete this question. All answers should be input and displayed as positive values.) 3 4 1. Compute the CM ratio and variable expense ratio. 15 Selling price per unit $75 per unit 16 Variable expenses per unit 45 per unit 17 Contribution margin per unit $30 per unit 18 19 CM ratio 40% D E F G H B C 1. Compute the CM ratio and variable expense ratio. Selling price per unit $75 per unit Variable expenses per unit 45 per unit Contribution margin per unit $30 per unit CM ratio Variable expense ratio 40% 60% 2. Compute the break-even sales. Break-even in unit sales Break-even in dollar sales 7,000 units $525,000 3. Compute the margin of safety Margin of safety in dollars Margin of safety percentage $203,000 4. Compute the degree of operating leverage. Sales Variable expenses G 7,000 units $525,000 2. Compute the break-even sales. Break-even in unit sales #Break-even in dollar sales 5 5 3. Compute the margin of safety Margin of safety in dollars 3 Margin of safety percentage $203,000 4. Compute the degree of operating leverage Sales 2 Variable expenses 3 Contribution margin + Fixed expenses 5 Net operating income 6 7 Degree of operating leverage 8