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Exercise 6-8 Compute the Margin of Safety (L06-7] Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per month Unit sales per month $ 24 $ 15 $ 7,920 1,030 Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (ie. 0.1234 should be entered as 12.34).) 1. Margin of safety (in dollars) 2. Margin of safety percentage % Exercise 6-15 Operating Leverage [LO6-1, L06-8] Magic Realm, Inc., has developed a new fantasy board game. The company sold 8.200 games last year at a selling price of $69 per game. Fixed expenses associated with the game total $82,000 per year, and variable expenses are 549 per game. Production of the game is entrusted to a printing contractor Variable expenses consist mostly of payments to this contractor Required: 1-a Prepare a contribution format income statement for the game last year, 1-5. Compute the degree of operating leverage. 2. Management is confident that the company can sell 10,496 games next year (an increase of 2.296 games, or 28%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement, use the degree of operating leverage to compute your answer) Complete this question by entering your answers in the tabs below. Reg 1A Reg 13 Reg 2 Prepare a contribution format Income statement for the game last year Magic Realm, Inc. Contribution Income Statement Total Per Unit Req 18 > Exercise 6-15 Operating Leverage (L06-1, LO6-8] Book Magic Realm, Inc., has developed a new fantasy board game. The company sold 8 200 games last year at a selling price of 569 per game. Fixed expenses associated with the game total $82,000 per year, and variable expenses are $49 per game Production of the game is entrusted to a printing contractor Variable expenses consist mostly of payments to this contractor Required: 1-a Prepare a contribution format income statement for the game last year 1-5. Compute the degree of operating leverage. 2. Management is confident that the company can sell 10,496 games next year (an increase of 2,296 games, or 28% over last year). Given this assumption a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement, use the degree of operating leverage to compute your answer) 0 Print Complete this question by entering your answers in the tabs below. erences Reg 1A Reg 1B Reg 2 Compute the degree of operating leverage Degree of operating leverage 4 Exercise 6-15 Operating Leverage (LO6-1, LO6-8] 0.83 points eBook Magic Realm, Inc., has developed a new fantasy board game. The company sold 8,200 games last year at a selling price of $69 per game. Fixed expenses associated with the game total $82,000 per year, and variable expenses are $49 per game. Production of the game is entrusted to a printing contractor Variable expenses consist mostly of payments to this contractor Required: 1-a. Prepare a contribution format income statement for the game last year, 1-5. Compute the degree of operating leverage 2. Management is confident that the company can sell 10,496 games next year (an increase of 2.296 games, or 28%, over last year) Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement, use the degree of operating leverage to compute your answer) F Print Complete this question by entering your answers in the tabs below. References Reg 1A Reg 1B Reg 2 Management is confident that the company can sell 10,496 games next year (an increase of 2,296 games, or 28%, over last year). Given this assumption: a. What is the expected percentage increase in net operating income for next year? b. What is the expected amount of net operating income for next year? (Do not prepare an income statement; use the degree of operating leverage to compute your answer.) Show less Net operating income increases by Total expected not operating Income b.