Legal Beagals Inc Is A Legal Services Firm That Files Incorporation Papers For S

Legal Beagals Inc. is a legal services firm that files incorporation papers for small businesses. They charge $1,000 per application. This year’s income statement shows the following:Sales $1,440,000 Variable Expenses $1,008,000 Contribution margin $432,000 Fixed costs $250,000 Profit $182,000.Required:(a) Compute the break­even point in units. (b) Compute the contribution margin ratio. (c) Compute the current margin of safety. (d) How many applications must the company sell to make a profit of $350,000?