ust Choose The Correct Answer, No Further Explanation Needed Consider the following data:- Total Per unit 1 % Sales $700,000 Variable Cost Contribution Margirn $30 Fixed Cost $300,000 Operating Pro$120,000 18) What is the contribution Margin Ratio? a) 60% b) 40% c) 67% d) Not enough data to calculate 14) What is breakeven in dollars? a) $500,000 b) $200,000 c) $300,000 d) $1,050,000 19)What is the percentage of variable costs 15) How many units must be sold to earn to sales? a) 60% b) 66% c) 40% d) Not enough data to calculate $135,000 a) 10,000 b) 14,500 c) 18,500 d) 9,333 20) What is the sales price per unit? a) $20 b) $50 c) $30 d) $35 16) What is the margin of safety in dollars? a) $500,000 b) $200,000 c) $400,000 d) $1,050,000 17)What are the equivalent units for 21)How many units were sold? a) 1,400 b) 7,000 c) 20,000 d) 14,000 conversion a) 328,000 b) 228,000 c) 128,000 d) 270,000