ACC1200 901 Fall 2022 Manag X Question 10 - QUIZ CH 5 - Con X C Menlo Company distributes a s X Homework Help - Q&A from Or x + C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.com%2... dj Update M Gmail My Drive - Google... YouTube Maps Canvas Other Bookmarks QUIZ CH 5 i Saved Help Save & Exit Submit Check my work 10 LO5-5, LO5-6, LO5-7] Menlo Company distributes a single product. The company's sales and expenses for last month follow: 5 points Per Total Unit Sales $ 616,000 $ 40 eBook Variable expenses 431, 200 28 Contribution margin 184 , 800 $ 12 References Fixed expenses 154 , 800 Net operating income $ 30, 000 Required: 1. What is the monthly break-even point in unit sales and in dollar sales? 2. Without resorting to computations, what is the total contribution margin at the break-even point? 3-a. How many units would have to be sold each month to attain a target profit of $67,200? 3-b. Verify your answer by preparing a contribution format income statement at the target sales level. 4. Refer to the original data. Compute the company's margin of safety in both dollar and percentage terms. 5. What is the company's CM ratio? If the company can sell more units thereby increasing sales by $96,000 per month and there is no change in fixed expenses, by how much would you expect monthly net operating income to increase? Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3A Req 3B Req 4 Req 5 What is the monthly break-even point in unit sales and in dollar sales? Mc Graw Hill