Proble m 2 (Textbook Reference: P5-3)- Determine break-even point under varying assumptions The management of Bootleg Company wants to know the break-even point for its new lime of hiking boots under each of the following independent assumptions. The selling price is $50 per pair of boots unless otherwise stated. (Each pair of boots is one unit). Required: Compute the break-even point in units and sales dollars for each of the four independent cases a. Fixed costs are $300,000; variable cost is $30 per unit. Bre ak-even units Break-even sales dollars b. Fixed costs are $300,000; variable cost is $20 per unit. Break-even units Break-even sales dollars c. Fixed costs are $250,000; variable cost is $20 per unit Break-even units Break-even sales dollars d. Fixed costs are $250,000; selling price is $40, and variable cost is $30 per unit. Break-even units Scenario Sales Price per Unit Variable Cost per Unit Contribution Margin per Unit Contribution Margin Ratio = (CM /Sales) Break-even units = (Total Fired Cost /Unit CM) Break-even sales dollars - Total Fixed Cost /CM ratio)