MANAGERIAL CHAPTER 6 Question 2 of 5 0 / 25 View Policies Show Attempt History Current Attempt in Progress Sandhill Corporation sells a single product for $40. Its management estimates the following revenues and costs for the year 2022: Net sales $600,000 Selling expensesvariable $24,000 Direct materials 108,000 Selling expensesfixed 24,000 Direct labour 72,000 Administrative expensesvariable 12,000 Manufacturing overheadvariable 24,000 Administrative expensesfixed 12,000 Manufacturing overheadfixed 36,000 (a) Your Answer Correct Answer (Used) Incorrect answer icon Your answer is incorrect. Assuming fixed costs and net sales are spread evenly throughout the year, determine Sandhills monthly break-even point in units and dollars. (Round answers to 0 decimal places, e.g. 5,275.) Monthly break-even in units enter the monthly break-even point in units units Monthly break-even in dollars $enter the monthly break-even point in dollars (b) Calculate the contribution margin ratio, the annual margin of safety ratio, and the annual operating income. (Round answers to 0 decimal places, e.g. 15 or 15%.) Contribution margin ratio enter percentages % Annual margin of safety ratio enter percentages % Annual operating income $enter a dollar amount (c) The parts of this question must be completed in order. This part will be available when you complete the part above. (d) The parts of this question must be completed in order. This part will be available when you complete the part above. (e) The parts of this question must be completed in order.