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Group Problem 1 Ava Moreno is planning to sell a special kitchen knife for $15 per unit at a county fair. She purchases units from a local distributor for S6 each. She can return any unsold units for full credit. Fixed costs for the booth retail, setup and cleaning costs are $460. Assume an income tax rate of 30%. How many units must be sold to obtain the target net income of $560? Group Problem 2 The Kleespie Company had an after-tax net income of $150,000 in 2002. The income tax rate was 25%. Kleespie had a contribution margin of $900,000 and a contribution margin ratio of 60% Compute (1) operating income, (2) total fixed costs, (3) total sales, and (4) breakeven point in dollar sales