Save Homework: Assignment -- Chapter 4 Score: 0 of 5 pts 5 of 9 (4 complete) HW Score: 8 89%, 4 of 45 pt Question 5, E4-18A (similar to) Question Help Red Soxx produces sports socks. The company has fixed expenses of $88,000 and variable expenses of 51.05 per package. Each package sels for 52 45. The number of packages Red Soxx needs to sell to eam a 532.000 operating income is 85715 packages (rounded) If Red Soxox can decrease is variable costs to $0 85 per package by increasing its fixed costs to $112.000, how many packages will it have to sell to generate $32,000 of operating income? Is this more or less than before? Why? Tan Begin by identifying the formula that finds the sales in units at the target operating income using the contribution margin approach. Then calculate the target sales in units (Round your answer up to the nearest whole unit.) Fixed expenses Operating Income Contribution margin per unit Target sales in unit 88000 32000 0.85 161176.47 + be TA Anoni Choose from any stor enter any number in the input fields and then click Check Answer Targe CA 1 Pan feraning class with practice exams a