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CVP analysis, margin of safety. Suppose Morrison Corp.'s breakeven point is revenues of $1,100,000. Fixed...

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CVP analysis, margin of safety. Suppose Morrison Corp.'s breakeven point is revenues of $1,100,000. Fixed costs are $660,000. Note: in part 2 below, you are also told that its variable costs are $16 per unit. Required: Given the above data, set up the CVP Model, and use it to answer the following: Compute the contribution margin percentage. Find the selling price if variable costs are $16 per unit. Suppose 75,000 units are sold. Compute the margin of safety in units and dollars. What is the breakeven point? How many units should the company sell to achieve a target income of $3,500.000? How many units should the company sell to earn the target income as part 5 if the contribution margin per unit increases by 10%

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