ALLI B02-05 RASMUSSOLI Fall LULU Save Homework: Chapter 7 Homework HW Score: 80.73%, 12.11 of 15 7 of 7 (7 complete) Score: 0.54 of 3 pts P7-63A (similar to) Question Help College Team Calendars imprints calendars with college names. The company has fixed expenses of $1,095,000 each month plus variable expenses of $4.00 per carton of calendars. Of the variable expense, 74% is cost of goods sold, while the remaining 26% relates to variable operating expenses. The company sells each carton of calendars for $12.00 Read the requirements College Team Requirements Contribution Margin Income Statement Month Ended June 30 1. Compute the number of cartons of calendars that College Team Calendars Sales revenue 5700000 must selleach month to break even Variable expenses 2. Compute the dollar amount of monthly sales that the company needs in order to earn $312,000 in operating income (round the contribution margin ratio to Cost of goods sold 1406000 two decimal places) Operating expenses 3. Prepare the company's contribution margin income statement for June for sales of 475,000 cartons of calendars. Contribution margin 4. What is June's margin of safety (in dollars)? What is the operating leverage Fixed expenses factor at this level of sales? 5. By what percentage will operating income change of July's sales volume is Operating income 12% higher? Prove your answer. Choose from any list or enter any number in the input fields and then click Check Answ Print Done i Requirements 1. Compute the number of cartons of calendars that College Team Calendars must sell each month to break even. 2. Compute the dollar amount of monthly sales that the company needs in order to earn $312,000 in operating income (round the contribution margin ratio to two decimal places). 3. Prepare the company's contribution margin income statement for June for sales of 475,000 cartons of calendars. 4. What is June's margin of safety (in dollars)? What is the operating leverage factor at this level of sales? 5. By what percentage will operating income change if July's sales volume is 12% higher? Prove your answer. Print Done Clear All LOCK HUISVer